PNRA has been the topic of several other research reports. RBC Capital Markets initiated coverage on Panera Bread in a report on Wednesday, July 20th. They issued an outperform rating and a $250.00 price target on the stock. Robert W. Baird reaffirmed an outperform rating on shares of Panera Bread in a report on Thursday, September 8th. Sanford C. Bernstein initiated coverage on Panera Bread in a report on Thursday, May 26th. They issued an outperform rating on the stock. Stifel Nicolaus cut Panera Bread from a hold rating to a sell rating and set a $175.00 price target on the stock. in a report on Tuesday, July 26th. Finally, Royal Bank Of Canada initiated coverage on Panera Bread in a report on Wednesday, July 20th. They issued an outperform rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $229.61.
Shares of Panera Bread (NASDAQ:PNRA) opened at 198.34 on Monday. The firm’s 50-day moving average price is $213.48 and its 200-day moving average price is $212.49. Panera Bread has a 52-week low of $165.17 and a 52-week high of $224.15. The firm has a market capitalization of $4.67 billion, a PE ratio of 33.57 and a beta of 0.71.
Panera Bread (NASDAQ:PNRA) last released its earnings results on Tuesday, July 26th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.04. The firm earned $698.90 million during the quarter, compared to the consensus estimate of $696.46 million. Panera Bread had a return on equity of 34.45% and a net margin of 5.30%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. On average, equities analysts predict that Panera Bread will post $6.69 earnings per share for the current fiscal year.
In related news, insider Mark D. Wooldridge sold 164 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $222.18, for a total value of $36,437.52. Following the completion of the transaction, the insider now owns 1,461 shares of the company’s stock, valued at $324,604.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott G. Blair sold 202 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $217.95, for a total transaction of $44,025.90. The disclosure for this sale can be found here. 6.96% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Krilogy Financial LLC raised its position in Panera Bread by 8.6% in the second quarter. Krilogy Financial LLC now owns 630 shares of the company’s stock valued at $134,000 after buying an additional 50 shares during the period. IFP Advisors Inc raised its position in Panera Bread by 3.6% in the first quarter. IFP Advisors Inc now owns 686 shares of the company’s stock valued at $141,000 after buying an additional 24 shares during the period. Tower Research Capital LLC TRC raised its position in Panera Bread by 17.9% in the second quarter. Tower Research Capital LLC TRC now owns 849 shares of the company’s stock valued at $179,000 after buying an additional 129 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Panera Bread during the first quarter valued at about $177,000. Finally, Rockefeller Financial Services Inc. acquired a new position in Panera Bread during the second quarter valued at about $196,000. 92.95% of the stock is owned by hedge funds and other institutional investors.
Panera Bread Company Profile
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.
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