Shares in the the St. Louis, Mo. -bakery chain, which has a market value of about $6 billion, rose about 10 percent at one point, rising to $285 a share at 1 p.m. EDT, up about 8.5 percent from its Friday close of $261.87 a share. "We know more. guests are looking to reduce their added sugar consumption, and we're providing an increased number of real, clean options with our new teas, lemonades and frescas". The stock has been active on the tape, now trading at $282.63, up from yesterday's close by 7.93%.
The target price for Panera Bread Company (PNRA) is $253.64/share according to the consensus of analysts working on the stock, with an expected EPS of $1.82/share for the current quarter.
"An acquisition of Panera Bread not only brings them a digital platform that ultimately that they can use across their portfolio, but also it provides them an opportunity for some vertical integration of the coffee business", Bob Derrington, senior research analyst at Telsey Advisory Group, said in an interview with "Power Lunch" Tuesday.
Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings data on Tuesday, February 7th. BTIG Research upgraded Panera Bread Co (NASDAQ:PNRA) on Wednesday, January 27 to "Buy" rating. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Panera Bread by 20,409.0% in the fourth quarter. The ultimate victor in the PNRA sweepstakes, they say, is much more likely to be a secretive European holding giant. Royal Bank of Canada reiterated a "buy" rating and set a $255.00 price objective (up from $250.00) on shares of Panera Bread in a report on Sunday, February 5th.
Malaysian PM Najib Razak arrives in Chennai, begins India tour
Speaking from the Rashtrapati Bhavan, PM Modi said the two countries have built a thriving economic partnership. Mr Mukherjee thanked Malaysia for the close cooperation on counter-terrorism issues.
Trading volume is a hugely important consideration for any investor.
Hammond says a lot of people would be interested, but he points out, the size and valuation of Panera at over $6 billion dollars makes it hard for most to buy them. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell. The Firm is a national bakery-cafe concept. 1 analysts call it Underweight, while 2 think it is Overweight. Focused Wealth Mngmt holds 33 shares. Contrarius Investment Management Ltd owns 7.52 million shares or 7.49% of their U.S. portfolio.
Director, LYNCH THOMAS E, sold 449 common shares of Panera Bread Company (PNRA) in the open market.
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