PNRA has been the topic of several other reports. Goldman Sachs Group, Inc. (The) upgraded Panera Bread Company from a neutral rating to a buy rating and set a $227.00 price objective on the stock in a research report on Thursday, January 19th. Wedbush downgraded shares of Panera Bread Company from an outperform rating to a neutral rating and set a $220.00 target price for the company. in a research note on Monday, November 28th. They noted that the move was a valuation call. Vetr raised shares of Panera Bread Company from a hold rating to a buy rating and set a $218.33 target price for the company in a research note on Monday, January 30th. Zacks Investment Research upgraded shares of Panera Bread Company from a sell rating to a hold rating in a report on Thursday, October 27th. Finally, Canaccord Genuity restated a buy rating and issued a $255.00 target price on shares of Panera Bread Company in a report on Wednesday, February 8th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $238.47.
Shares of Panera Bread Company (NASDAQ:PNRA) opened at 233.05 on Thursday. The firm has a market cap of $5.32 billion, a PE ratio of 37.71 and a beta of 0.31. The stock’s 50 day moving average is $214.42 and its 200 day moving average is $208.14. Panera Bread Company has a 12 month low of $185.69 and a 12 month high of $236.25.
Panera Bread Company (NASDAQ:PNRA) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.05. Panera Bread Company had a return on equity of 42.93% and a net margin of 5.21%. The firm earned $727.11 million during the quarter, compared to the consensus estimate of $727.75 million. During the same period in the previous year, the firm posted $1.88 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Panera Bread Company will post $7.68 earnings per share for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in shares of Panera Bread Company by 18.7% in the third quarter. Capital Research Global Investors now owns 1,907,240 shares of the company’s stock worth $371,378,000 after buying an additional 300,000 shares in the last quarter. BlackRock Fund Advisors boosted its position in Panera Bread Company by 2.1% in the third quarter. BlackRock Fund Advisors now owns 825,865 shares of the company’s stock worth $160,812,000 after buying an additional 17,143 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Panera Bread Company by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 737,439 shares of the company’s stock valued at $143,594,000 after buying an additional 16,258 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Panera Bread Company by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 682,267 shares of the company’s stock valued at $132,851,000 after buying an additional 5,441 shares in the last quarter. Finally, Columbus Circle Investors increased its stake in shares of Panera Bread Company by 4.4% in the third quarter. Columbus Circle Investors now owns 427,592 shares of the company’s stock valued at $83,261,000 after buying an additional 17,942 shares in the last quarter. 93.32% of the stock is currently owned by hedge funds and other institutional investors.
About Panera Bread Company
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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