November 30, 2016 - By Richard Conner · 0 Comments
Panera Bread Co (NASDAQ:PNRA) institutional sentiment increased to 1.05 in Q2 2016. Its up 0.16, from 0.89 in 2016Q1. The ratio has increased, as 145 funds increased and started new positions, while 163 reduced and sold stock positions in Panera Bread Co. The funds in our partner’s database now own: 21.44 million shares, up from 21.28 million shares in 2016Q1. Also, the number of funds holding Panera Bread Co in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 43 Reduced: 120 Increased: 100 New Position: 45.
Panera Bread Company is a food service provider. The company has a market cap of $4.81 billion. 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. It has a 35.23 P/E ratio. The Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.
The stock decreased 0.16% or $0.35 during the last trading session, hitting $211.84. Panera Bread Co (NASDAQ:PNRA) has declined 0.67% since April 27, 2016 and is downtrending. It has underperformed by 5.90% the S&P500.
Analysts await Panera Bread Co (NASDAQ:PNRA) to report earnings on February, 14. They expect $2.00 EPS, up 6.38% or $0.12 from last year’s $1.88 per share. PNRA’s profit will be $45.41 million for 26.48 P/E if the $2.00 EPS becomes a reality. After $1.37 actual EPS reported by Panera Bread Co for the previous quarter, Wall Street now forecasts 45.99% EPS growth.
According to Zacks Investment Research, “Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch, including fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom roasted coffees, as well as other cafe beverages, and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience. >”
Conatus Capital Management Lp holds 4.86% of its portfolio in Panera Bread Co for 362,942 shares. Contravisory Investment Management Inc. owns 38,695 shares or 2.52% of their US portfolio. Moreover, Norris Perne & French Llp Mi has 2.25% invested in the company for 49,201 shares. The New York-based Fieldpoint Private Advisors Inc has invested 2.23% in the stock. Westend Capital Management Llc, a California-based fund reported 7,170 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 7 selling transactions for $265,565 net activity.
Ratings analysis reveals 78% of Panera Bread’s analysts are positive. Out of 18 Wall Street analysts rating Panera Bread, 14 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $196 while the high is $250. The stock’s average target of $231.10 is 9.09% above today’s ($211.84) share price. PNRA was included in 27 notes of analysts from July 30, 2015. The company was initiated on Wednesday, July 20 by RBC Capital Markets. Maxim Group initiated the shares of PNRA in a report on Wednesday, August 19 with “Hold” rating. Maxim Group maintained Panera Bread Co (NASDAQ:PNRA) rating on Monday, January 4. Maxim Group has “Buy” rating and $215 price target. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 11. The firm has “Buy” rating given on Tuesday, April 19 by Jefferies. The stock of Panera Bread Co (NASDAQ:PNRA) has “Outperform” rating given on Thursday, April 28 by Wedbush. The stock has “Hold” rating given by Evercore on Tuesday, April 5. The stock of Panera Bread Co (NASDAQ:PNRA) has “Outperform” rating given on Thursday, May 26 by Bernstein. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, March 31. The firm earned “Outperform” rating on Thursday, October 29 by Credit Suisse.
Panera Bread Company (Panera), incorporated on June 2, 1988, 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 Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company’s menu groups are daily baked goods, including a range of freshly baked bagels, breads, muffins, scones, rolls, and sweet goods, made-to-order sandwiches on freshly baked breads, soups, freshly prepared and hand-tossed salads, pasta dishes, and roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies. The Firm offers Panera Catering, a catering service that provides breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items.
More notable recent Panera Bread Co (NASDAQ:PNRA) news were published by: Usnews.com which released: “PNRA Stock: 4 Reasons to Buy Panera Bread Co” on September 09, 2016, also Fool.com with their article: “Panera Bread Co. Bakes Up a Strong Quarter” published on July 27, 2016, Forbes.com published: “What’s Fueling The Success Of Panera Bread” on June 13, 2016. More interesting news about Panera Bread Co (NASDAQ:PNRA) were released by: Wsj.com and their article: “Panera Bread Raises Projections on Better-Than-Expected Quarterly Results” published on April 26, 2016 as well as Etfdailynews.com‘s news article titled: “Panera Bread Co Shares Surge 6% as Q3 Earnings Top Estimates” with publication date: October 25, 2016.
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By Richard Conner