PNRA has been the topic of a number of other research reports. Cowen and Company set a $240.00 target price on Panera Bread and gave the stock a buy rating in a report on Wednesday, July 27th. BTIG Research set a $240.00 target price on Panera Bread and gave the stock a buy rating in a report on Wednesday, July 27th. Vetr downgraded Panera Bread from a strong-buy rating to a buy rating and set a $225.00 target price on the stock. in a report on Tuesday, July 26th. Finally, Canaccord Genuity assumed coverage on Panera Bread in a report on Monday, August 22nd. They set a buy rating and a $255.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. Panera Bread presently has an average rating of Buy and an average price target of $230.52.
Shares of Panera Bread (NASDAQ:PNRA) opened at 191.85 on Thursday. Panera Bread has a 12 month low of $165.17 and a 12 month high of $224.15. The company’s 50 day moving average price is $208.51 and its 200-day moving average price is $211.68. The stock has a market capitalization of $4.52 billion, a P/E ratio of 32.47 and a beta of 0.66.
Panera Bread (NASDAQ:PNRA) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.04. Panera Bread had a return on equity of 34.45% and a net margin of 5.30%. The company had revenue of $698.90 million for the quarter, compared to the consensus estimate of $696.46 million. During the same quarter in the previous year, the business earned $1.61 EPS. Panera Bread’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Panera Bread will post $6.69 earnings per share for the current year.
In other Panera Bread news, SVP Scott G. Blair sold 306 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $221.38, for a total value of $67,742.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark D. Wooldridge sold 164 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $222.18, for a total value of $36,437.52. Following the completion of the sale, the insider now owns 1,461 shares of the company’s stock, valued at approximately $324,604.98. The disclosure for this sale can be found here. 6.96% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of PNRA. Geode Capital Management LLC raised its stake in shares of Panera Bread by 1.7% in the first quarter. Geode Capital Management LLC now owns 147,463 shares of the company’s stock worth $30,204,000 after buying an additional 2,436 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Panera Bread by 16.6% in the first quarter. Renaissance Technologies LLC now owns 270,392 shares of the company’s stock worth $55,384,000 after buying an additional 38,592 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of Panera Bread during the second quarter worth about $28,251,000. Norges Bank acquired a new stake in shares of Panera Bread during the fourth quarter worth about $42,083,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Panera Bread during the first quarter worth about $1,480,000. Institutional investors and hedge funds own 92.95% of the company’s stock.
About Panera Bread
Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.
Receive News & Ratings for Panera Bread Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panera Bread Co. and related companies with MarketBeat.com's FREE daily email newsletter.