Revenues in the second quarter were up 7.2 percent, to $676.7 million from $631.1 million a year ago. BTIG Research began coverage on Panera Bread in a report on Wednesday, July 15th.
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Panera Bread Co using SYMBOL code NASDAQ:PNRA has had its stock rating noted as “Reitereated” with the recommendation being set at “OVERWEIGHT” this morning by analysts at Barclays. The company’s strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures.
Goldman Sachs upgraded their rating to Neutral on July 9, and increased their price target on PNRA stock from $158 to $172.
Panera Bread Co. said Tuesday that its revenue grew 7% in the June quarter as sales edged up at company-owned cafes.
Shares of Panera Bread Company (NASDAQ:PNRA) ended Friday session in red amid volatile trading. As of the end of the second quarter, the company had had completed the conversion of 183 bakery-cafes to Panera 2.0, with 77 conversions completed year-to-date. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.63 by $0.02, Market Beat reports. Its stock closed regular trading at $186.99 Tuesday, up 30 percent in the last 12 months. Of those twenty-eight, twelve have a Buy rating, fifteen have a Hold rating and one has a Sell rating.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (SVP, General Counsel) of Panera Bread Co, Dipietro Louis had sold 049 shares worth of $8,047 in a transaction dated April 1, 2015. The company has a market cap of $4,639 million and there are 25,320,000 shares in outstanding.
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Panera Bread Company (NASDAQ:PNRA) is a food service provider. On average, analysts predict that Panera Bread will post $6.18 EPS for the current fiscal year. Panera Bread now has an average rating of “Hold” and a consensus target price of $190.07. The bakery company has guided re-franchising of 50 to 150 of its units across the country. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company offers breakfast, lunch, gathering place, dinner and take home through both on premise sales and off-premise Panera Catering.
