The Panera Bread Company (PNRA) Downgraded by BidaskClub to "Hold"

Xavier Trudeau
Juillet 17, 2017

It is down 52.93% since July 14, 2016 and is uptrending.

Panera Bread Company is a food service company. The company has market cap of $7.15 billion. The Company is a national bakery-cafe concept.

It closed at $314.81 lastly. ITV plc (LON:ITV) has 0.00% since July 14, 2016 and is. It has outperformed by 34.40% the S&P500.

Since February 10, 2017, it had 0 insider purchases, and 2 sales for $591,956 activity. Norges Bank acquired a new position in Panera Bread Company during the fourth quarter valued at approximately $48,169,000. The Michigan-based Norris Perne & French Llp Mi has invested 1.54% in the stock. Trillium Asset Management Llc, a Massachusetts-based fund reported 104,801 shares.

PNRA has been the topic of several research reports. As of the last earnings report the EPS was $6.61 and is projected to be $7.70 for the current year with 22,488,000 shares presently outstanding. PNRA's profit will be $42.24 million for 42.31 P/E if the $1.86 EPS becomes a reality.

Panera Bread Company (NASDAQ:PNRA) last posted its quarterly earnings data on Tuesday, April 25th. The ratio dropped, as 136 institutional investors increased and opened new holdings, while 186 decreased and sold stakes in Panera Bread Co. Out of 9 Wall Street analysts rating Panera Bread, 6 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". They now have a Dollars 270 price target on the stock.

Equity analyst Wedbush both downgraded the stock and raised the price target on November 28 changing the price objective from $215.00 to $220.00 and changing the rating from "Outperform" to "Neutral".

Panera Bread Company (NASDAQ:PNRA) last released its earnings results on Tuesday, April 25th. The stock of ITV plc (LON:ITV) earned "Equal Weight" rating by Barclays Capital on Thursday, March 3. Morgan Stanley maintained the shares of ITV in report on Monday, November 30 with "Overwt/Attractive" rating. Goldman Sachs maintained Panera Bread Co (NASDAQ:PNRA) rating on Thursday, March 31.

Panera Bread Company (NASDAQ PNRA) traded up 0.02% during mid-day trading on Thursday, hitting $314.88. Goldman Sachs upgraded the shares of PNRA in report on Thursday, January 19 to "Buy" rating. Telsey Advisory maintained the stock with "Outperform" rating in Friday, February 10 report. RBC Capital Markets maintained it with "Outperform" rating and $255.0 target in Thursday, February 9 report. Stevens Management L P reported 4,866 shares stake.

Investors sentiment increased to 1.22 in 2016 Q4. Its down 0.32, from 1.05 in 2016Q3. It is negative, as 60 investors sold PNRA shares while 126 reduced holdings. Howe And Rusling reported 165 shares. Thompson Siegel And Walmsley holds 2,975 shares or 0.01% of its portfolio. Millennium Mngmt Lc has invested 0.06% in MRC Global Inc (NYSE:MRC). State Board Of Administration Of Florida Retirement Sys invested in 62,167 shares. Legal General Grp Public Ltd holds 11,806 shares or 0% of its portfolio. Cubist Systematic Strategies Ltd Liability Com has 4,735 shares for 0.08% of their portfolio. Sei Invests holds 12,943 shares or 0.01% of its portfolio. Rhumbline Advisers holds 0.01% of its portfolio in MRC Global Inc (NYSE:MRC) for 113,355 shares. Nicholas Inv Prtn Lp invested in 0.25% or 16,318 shares. Winslow Asset stated it has 15,885 shares. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company's stock. Therefore 58% are positive. PNRA was included in 38 notes of analysts from July 30, 2015. The rating was initiated by Pivotal Research on Wednesday, June 8 with "Buy". The firm earned "Outperform" rating on Thursday, May 26 by Bernstein. The stock has "Buy" rating by Liberum Capital on Tuesday, September 27. FBR Capital maintained the stock with "Outperform" rating in Friday, October 21 report. On Monday, October 10 the stock rating was upgraded by Longbow to "Buy". RI now owns 1,274 shares of the company's stock worth $334,000 after buying an additional 5 shares in the last quarter.

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