Todays Report: The Panera Bread Co. (NASDAQ:PNRA) Receives Consensus Rating of “Buy” from Analysts

The Panera Bread Co. (NASDAQ:PNRA) Receives Consensus Rating of “Buy” from Analysts

Shares of Panera Bread Co. (NASDAQ:PNRA) have been given an average recommendation of “Buy” by the twenty-eight ratings firms that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $228.83.

PNRA has been the subject of several research reports. Vetr downgraded shares of Panera Bread from a “buy” rating to a “hold” rating and set a $226.25 price objective for the company. in a report on Tuesday, August 23rd. Maxim Group increased their price target on shares of Panera Bread from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, September 29th. Robert W. Baird reaffirmed an “outperform” rating on shares of Panera Bread in a report on Thursday, September 8th. RBC Capital Markets assumed coverage on shares of Panera Bread in a report on Wednesday, July 20th. They issued an “outperform” rating and a $250.00 price target for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Panera Bread in a report on Wednesday, July 20th. They issued an “outperform” rating and a $250.00 price target for the company.

Shares of Panera Bread (NASDAQ:PNRA) opened at 189.28 on Monday. The firm’s 50-day moving average price is $205.36 and its 200 day moving average price is $211.13. Panera Bread has a 52-week low of $165.17 and a 52-week high of $224.15. The company has a market capitalization of $4.46 billion, a PE ratio of 32.04 and a beta of 0.66.

Panera Bread (NASDAQ:PNRA) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.74 by $0.04. Panera Bread had a net margin of 5.30% and a return on equity of 34.45%. The business earned $698.90 million during the quarter, compared to the consensus estimate of $696.46 million. During the same quarter in the prior year, the firm earned $1.61 EPS. The business’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Panera Bread will post $6.69 earnings per share for the current year.

In related news, SVP Scott G. Blair sold 198 shares of Panera Bread stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $219.92, for a total transaction of $43,544.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark D. Wooldridge sold 164 shares of Panera Bread stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $222.18, for a total transaction of $36,437.52. Following the transaction, the insider now directly owns 1,461 shares in the company, valued at $324,604.98. The disclosure for this sale can be found here. Corporate insiders own 6.96% of the company’s stock.

A number of institutional investors have recently modified their holdings of PNRA. Krilogy Financial LLC raised its position in shares of 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 last quarter. IFP Advisors Inc increased its stake in shares of 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 increased its stake in shares of 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. purchased a new stake in shares of Panera Bread during the first quarter valued at $177,000. Finally, Rockefeller Financial Services Inc. purchased a new stake in shares of Panera Bread during the second quarter valued at $196,000. 92.95% of the stock is currently owned by institutional investors.

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