Panera Bread Co. (NASDAQ:PNRA) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $220.00 price target on the stock. Wedbush’s price target would suggest a potential upside of 3.85% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other analysts also recently issued reports on PNRA. RBC Capital Markets set a $250.00 price target on Panera Bread and gave the company a “buy” rating in a report on Friday, October 21st. Vetr downgraded Panera Bread from a “buy” rating to a “hold” rating and set a $226.25 price target for the company. in a report on Monday, August 29th. BTIG Research reiterated a “buy” rating and issued a $240.00 price target on shares of Panera Bread in a report on Wednesday, October 26th. Morgan Stanley reiterated an “overweight” rating and issued a $250.00 price target on shares of Panera Bread in a report on Thursday, October 27th. Finally, Cowen and Company set a $240.00 price target on Panera Bread and gave the company a “buy” rating in a report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eighteen have given a buy rating to the stock. Panera Bread has an average rating of “Buy” and a consensus target price of $233.33.

Analyst Recommendations for Panera Bread (NASDAQ:PNRA)

Shares of Panera Bread (NASDAQ:PNRA) opened at 211.84 on Monday. The stock has a 50 day moving average price of $198.33 and a 200-day moving average price of $207.93. The firm has a market capitalization of $4.93 billion, a PE ratio of 35.22 and a beta of 0.27. Panera Bread has a 52 week low of $178.99 and a 52 week high of $224.15.

Panera Bread (NASDAQ:PNRA) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.03. Panera Bread had a return on equity of 39.44% and a net margin of 5.24%. The firm earned $684.20 million during the quarter, compared to the consensus estimate of $682.04 million. During the same period in the prior year, the firm earned $1.32 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Panera Bread will post $6.71 earnings per share for the current year.

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In other Panera Bread news, SVP Scott G. Blair sold 204 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $186.00, for a total value of $37,944.00. Following the transaction, the senior vice president now owns 5,752 shares of the company’s stock, valued at $1,069,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.96% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of PNRA. Scout Investments Inc. boosted its position in shares of Panera Bread by 67.9% in the third quarter. Scout Investments Inc. now owns 146,220 shares of the company’s stock worth $28,472,000 after buying an additional 59,130 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Panera Bread by 4.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 62,221 shares of the company’s stock worth $12,116,000 after buying an additional 2,900 shares in the last quarter. Credit Suisse AG boosted its position in shares of Panera Bread by 21.5% in the third quarter. Credit Suisse AG now owns 39,646 shares of the company’s stock worth $7,720,000 after buying an additional 7,011 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Panera Bread by 29.2% in the third quarter. Ameritas Investment Partners Inc. now owns 13,790 shares of the company’s stock worth $2,685,000 after buying an additional 3,115 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Panera Bread during the third quarter worth about $340,000. 94.19% of the stock is currently 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.

5 Day Chart for NASDAQ:PNRA

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