Panera Bread Co. (NASDAQ:PNRA) – Investment analysts at Wedbush lowered their Q4 2016 EPS estimates for shares of Panera Bread in a research note issued on Monday. Wedbush analyst N. Setyan now anticipates that the firm will post earnings per share of $2.00 for the quarter, down from their previous forecast of $2.01. Wedbush has a “Neutral” rating and a $220.00 price objective on the stock.

Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 had revenue of $684.20 million for the quarter, compared to analyst estimates of $682.04 million. During the same period in the previous year, the firm earned $1.32 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q4 2016 Earnings Estimate for Panera Bread Co. Issued By Wedbush (PNRA)” was published by Financial Market News and is the propert of of Financial Market News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States and international copyright law. The legal version of this article can be viewed at http://www.financial-market-news.com/q4-2016-earnings-estimate-for-panera-bread-co-issued-by-wedbush-pnra/1208612/.

Earnings History and Estimates for Panera Bread (NASDAQ:PNRA)

PNRA has been the topic of a number of other reports. Longbow Research upgraded Panera Bread from a “neutral” rating to a “buy” rating and set a $239.00 target price on the stock in a research note on Monday, October 10th. Maxim Group upped their target price on Panera Bread from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 29th. Vetr lowered Panera Bread from a “buy” rating to a “hold” rating and set a $226.25 price objective on the stock. in a research report on Tuesday, August 23rd. RBC Capital Markets set a $250.00 price objective on Panera Bread and gave the company a “buy” rating in a research report on Friday, October 21st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $250.00 price objective on shares of Panera Bread in a research report on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $233.33.

Shares of Panera Bread (NASDAQ:PNRA) traded down 0.32% during trading on Tuesday, reaching $211.52. The company’s stock had a trading volume of 111,597 shares. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 35.17 and a beta of 0.27. Panera Bread has a 52-week low of $178.99 and a 52-week high of $224.15. The stock’s 50 day moving average price is $198.33 and its 200-day moving average price is $207.93.

Several hedge funds have recently modified their holdings of PNRA. Voloridge Investment Management LLC raised its stake in shares of Panera Bread by 9.7% in the second quarter. Voloridge Investment Management LLC now owns 56,750 shares of the company’s stock valued at $12,028,000 after buying an additional 5,039 shares during the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of Panera Bread by 74.9% in the second quarter. Cookson Peirce & Co. Inc. now owns 52,430 shares of the company’s stock valued at $11,112,000 after buying an additional 22,450 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Panera Bread during the second quarter valued at approximately $28,251,000. BB&T Corp purchased a new stake in shares of Panera Bread during the second quarter valued at approximately $2,291,000. Finally, Columbus Circle Investors raised its stake in shares of Panera Bread by 985.5% in the second quarter. Columbus Circle Investors now owns 409,650 shares of the company’s stock valued at $86,821,000 after buying an additional 371,910 shares during the last quarter. 94.19% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Q4 2016 Earnings Estimate for Panera Bread Co. Issued By Wedbush (PNRA)” was published by Financial Market News and is the propert of of Financial Market News. If you are reading this article on another publication, it was copied illegally and republished in violation of United States and international copyright law. The legal version of this article can be viewed at http://www.financial-market-news.com/q4-2016-earnings-estimate-for-panera-bread-co-issued-by-wedbush-pnra/1208612/.

In related news, SVP Scott G. Blair sold 204 shares of Panera Bread stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $186.00, for a total value of $37,944.00. Following the completion of the sale, 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 owned by company insiders.

About Panera Bread

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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