Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations. The Company Bakery-Cafe Operations segment includes the operating activities of the bakery-cafes owned directly and indirectly by the Company. The Franchise Operations segment includes the operating activities of the franchise business unit, which licenses qualified operators to conduct business under the Panera Bread or Paradise Bakery & Cafe names. The Fresh Dough and Other Product Operations segment supplies fresh dough, produce, tuna, cream cheese, and indirectly supplies sweet goods items through a contract manufacturing arrangement, to the Company-owned and franchise-operated bakery-cafes.
Industry, Sector and Symbol:
- Sector: Cyclical Consumer Goods & Services
- Industry: Cafés
- Sub-Industry: Restaurants
- Symbol: NASDAQ:PNRA
- CUSIP: 69840W10
- Web: https://www.panerabread.com/
- Market Cap: $7.08 billion
- Outstanding Shares: 22,488,000
- 50 Day Moving Avg: $314.56
- 200 Day Moving Avg: $273.81
- 52 Week Range: $185.69 - $316.21
Sales & Book Value:
- Trailing P/E Ratio: 47.67
- Foreward P/E Ratio: 35.23
- P/E Growth: 2.36
- Annual Revenue: $2.84 billion
- Price / Sales: 2.49
- Book Value: $12.69 per share
- Price / Book: 24.82
- EBIDTA: $423.56 million
- Net Margins: 5.80%
- Return on Equity: 59.38%
- Return on Assets: 13.01%
- Debt-to-Equity Ratio: 1.62%
- Current Ratio: 0.79%
- Quick Ratio: 0.73%
- Average Volume: 442,929 shs.
- Beta: 0.25
- Short Ratio: 2.11
Frequently Asked Questions for Panera Bread Co (NASDAQ:PNRA)
What is Panera Bread Co's stock symbol?
Panera Bread Co trades on the NASDAQ under the ticker symbol "PNRA."
How were Panera Bread Co's earnings last quarter?
Panera Bread Co (NASDAQ:PNRA) posted its earnings results on Tuesday, October, 25th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.34 by $0.03. The company earned $684.20 million during the quarter, compared to analyst estimates of $682.04 million. Panera Bread Co had a return on equity of 59.38% and a net margin of 5.80%. The business's revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 earnings per share. View Panera Bread Co's Earnings History.
Where is Panera Bread Co's stock going? Where will Panera Bread Co's stock price be in 2017?
20 analysts have issued twelve-month target prices for Panera Bread Co's shares. Their forecasts range from $227.00 to $315.00. On average, they anticipate Panera Bread Co's share price to reach $278.33 in the next twelve months. View Analyst Ratings for Panera Bread Co.
What are analysts saying about Panera Bread Co stock?
Here are some recent quotes from research analysts about Panera Bread Co stock:
- 1. According to Zacks Investment Research, "Panera has recently signed a deal to be acquired by Jab Holdings. Meanwhile, its Panera 2.0 program as well as innovation in food, operations, design and marketing has started yielding results, with sales improving at the converted restaurants. Focus on channels like catering and delivery, along with its Panera at Home business, bode well and should drive incremental revenues at the company. We are also positive on the company’s removal of all artificial ingredients from its food items, which should drive its popularity among health-conscious consumers. The company is confident that its efforts will translate into strong comps and sustainable double-digit EPS growth 2017 onwards. Also, its shares outpaced the Zacks categorized Retail-Restaurants industry in the past year. Yet, higher investments and costs are expected to hurt margins while a soft consumer spending environment in the U.S. restaurant space might limit revenue growth." (7/4/2017)
- 2. Maxim Group analysts commented, "A report in today’s New York Post suggests that 3G Capital, which has backed Restaurant Brands International (QSR – $56.19 – NR), may be considering its own bid for PNRA." (4/11/2017)
- 3. Wedbush analysts commented, "The Wedbush View: Given continued SSS growth outperformance and high visibility into upward EBITDA and EPS revisions, we view the acquisition premium as justifiable." (4/5/2017)
- 4. Canaccord Genuity analysts commented, "We continue to recommend shares of PNRA as we believe the company will continue to gain market share over the next several quarters given numerous catalysts in place (i.e. Panera 2.0, delivery, catering, clean" initiative and menu innovation). We will have additional comments following PNRA’s conference call at 8:30am EST on 2/8/2017. Bullish takeaways: (1) Sales gap to the industry continues to expand as PNRA reported a strong December comp of +4.0% (company stores) vs. the industry down -4.3% (as measured by BBI); (2) Digital utilization rate accelerated to 24% (from 22% last quarter); (3) Delivery is available in 15% of system-wide bakery-cafes (up from 13% last quarter) and is expected to be in 30% to 40% of the system by the end of ’17; (4) Panera 2.0 rollout is mostly complete for company stores; (5) U.S menu and food portfolio is now 100% clean; (6) 2017 guidance (+11% to +14% EPS growth) was slightly better than we expected." (2/8/2017)
Who are some of Panera Bread Co's key competitors?
Some companies that are related to Panera Bread Co include Yum China Holdings (YUMC), Genuine Parts Company (GPC), Wolseley plc (WOS), InterContinental Hotels Group PLC (IHG), Persimmon plc (PSN), Burberry Group plc (BRBY), Tui AG (TUI), ITV plc (ITV), Whitbread plc (WTB), Kingfisher plc (KGF), Adient PLC (ADNT), Barratt Developments Plc (BDEV), Taylor Wimpey plc (TW), NEXT plc (NXT), GKN plc (GKN), Pearson plc (PSON), Marks and Spencer Group Plc (MKS) and ASOS plc (ASC).
Who are Panera Bread Co's key executives?
Panera Bread Co's management team includes the folowing people:
- Ronald M. Shaich, Chairman of the Board, Chief Executive Officer
- Blaine E. Hurst, President
- William W. Moreton, Executive Vice Chairman of the Board
- Michael J. Bufano, Senior Vice President, Chief Financial Officer
- Charles J. Chapman III, Chief Operating Officer, Executive Vice President
- Kenneth M. Koziol, Executive Vice President - Sourcing, Distribution and Manufacturing
- John M. Meister, Senior Vice President, Chief Information Officer
- Scott G. Blair, Senior Vice President, Chief Legal and Franchise Officer
- William Henry Simpson Jr, Senior Vice President and Chief Development Officer
- Domenic Colasacco, Lead Independent Director
Who owns Panera Bread Co stock?
Panera Bread Co's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Harbour Capital Advisors LLC (0.47%), Chicago Capital Management LLC (0.45%), Bank of Montreal Can (0.41%), ING Groep NV (0.24%), Aperio Group LLC (0.22%) and State of Alaska Department of Revenue (0.13%). Company insiders that own Panera Bread Co stock include Daniel A Wegiel, Domenic Colasacco, Elizabeth A Dunlap, Kenneth M Koziol, Larry J Franklin, Mark D Wooldridge, Ronald M Shaich, Scott G Blair, William Henry Jr Simpson and William W Moreton. View Institutional Ownership Trends for Panera Bread Co.
Who sold Panera Bread Co stock? Who is selling Panera Bread Co stock?
Panera Bread Co's stock was sold by a variety of institutional investors in the last quarter, including ING Groep NV, Russell Investments Group Ltd., Janney Montgomery Scott LLC, Skylands Capital LLC, Investment House LLC, State of Alaska Department of Revenue, Great West Life Assurance Co. Can and Municipal Employees Retirement System of Michigan. Company insiders that have sold Panera Bread Co stock in the last year include Mark D Wooldridge and Scott G Blair. View Insider Buying and Selling for Panera Bread Co.
Who bought Panera Bread Co stock? Who is buying Panera Bread Co stock?
Panera Bread Co's stock was bought by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Chicago Capital Management LLC, Bank of Montreal Can, Longfellow Investment Management Co. LLC, Aperio Group LLC, Havens Advisors LLC, Kassirer Asset Management Corp and Spark Investment Management LLC. View Insider Buying and Selling for Panera Bread Co.
How do I buy Panera Bread Co stock?
Shares of Panera Bread Co can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Panera Bread Co's stock price today?
MarketBeat Community Rating for Panera Bread Co (NASDAQ PNRA)MarketBeat's community ratings are surveys of what our community members think about Panera Bread Co and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Panera Bread Co stock can currently be purchased for approximately $314.93.
Consensus Ratings for Panera Bread Co (NASDAQ:PNRA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||13 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.35)|
|Consensus Price Target: ||$278.33 (11.62% downside)|
Analysts' Ratings History for Panera Bread Co (NASDAQ:PNRA)
(Data available from 7/27/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/3/2017||Sanford C. Bernstein||Reiterated Rating||Outperform||Low|
|4/26/2017||Canaccord Genuity||Downgrade||Buy -> Hold||$315.00||Low|
|4/11/2017||Maxim Group||Reiterated Rating||Hold||$315.00||Low|
|4/7/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||Low|
|4/6/2017||BTIG Research||Downgrade||Buy -> Neutral||Low|
|4/6/2017||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$255.00 -> $315.00||Low|
|4/6/2017||Telsey Advisory Group||Downgrade||Outperform -> Market Perform||$270.00 -> $315.00||Low|
|4/6/2017||BMO Capital Markets||Boost Price Target||Market Perform||$210.00 -> $270.00||Low|
|4/5/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||$315.00||Low|
|4/5/2017||William Blair||Downgrade||Outperform -> Market Perform||Low|
|4/5/2017||Piper Jaffray Companies||Downgrade||Overweight -> Neutral||Low|
|4/4/2017||Cowen and Company||Reiterated Rating||Outperform||$270.00||High|
|4/4/2017||Credit Suisse Group||Boost Price Target||Outperform||$260.00 -> $300.00||High|
|4/4/2017||Robert W. Baird||Downgrade||Outperform -> Neutral||$265.00 -> $290.00||High|
|2/16/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform||$240.00 -> $260.00||N/A|
|2/9/2017||Longbow Research||Downgrade||Buy -> Neutral||N/A|
|2/8/2017||Barclays PLC||Lower Price Target||Overweight||$268.00 -> $264.00||N/A|
|1/19/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$227.00||N/A|
|10/27/2016||Morgan Stanley||Reiterated Rating||Overweight||$250.00||N/A|
|7/26/2016||Stifel Nicolaus||Downgrade||Hold -> Sell||$175.00||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Neutral||N/A|
|4/19/2016||KeyCorp||Upgrade||Sector Weight -> Overweight||$240.00||N/A|
|4/4/2016||Evercore ISI||Initiated Coverage||Hold||N/A|
|3/8/2016||Off Wall Street||Initiated Coverage||Sell||$150.00||N/A|
|11/2/2015||Susquehanna Bancshares Inc||Boost Price Target||Positive||$195.00 -> $203.00||N/A|
|7/29/2015||Deutsche Bank AG||Reiterated Rating||Hold||$180.00||N/A|
Earnings History for Panera Bread Co (NASDAQ:PNRA)Earnings History by Quarter for Panera Bread Co (NASDAQ PNRA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/25/2017||Q1 2017||$1.84||$1.83||$717.36 million||$727.60 million||View||N/A|
|2/7/2017||Q4 2016||$2.00||$2.05||$727.75 million||$727.11 million||View||Listen|
|10/25/2016||Q316||$1.34||$1.37||$682.04 million||$684.20 million||View||N/A|
|7/26/2016||Q2||$1.74||$1.78||$696.46 million||$698.90 million||View||N/A|
|4/26/2016||Q1||$1.50||$1.56||$674.12 million||$685.10 million||View||N/A|
|2/9/2016||Q4||$1.78||$1.88||$695.43 million||$691.80 million||View||N/A|
|10/27/2015||Q315||$1.31||$1.32||$667.22 million||$665.00 million||View||Listen|
|7/28/2015||Q215||$1.63||$1.61||$680.03 million||$677.00 million||View||Listen|
|4/28/2015||Q115||$1.43||$1.41||$659.33 million||$649.00 million||View||N/A|
|2/11/2015||Q414||$1.82||$1.82||$675.83 million||$672.50 million||View||N/A|
|10/28/2014||Q314||$1.42||$1.46||$620.40 million||$619.89 million||View||Listen|
|7/29/2014||Q214||$1.75||$1.82||$640.78 million||$631.05 million||View||Listen|
|4/29/2014||Q114||$1.52||$1.55||$598.07 million||$605.30 million||View||Listen|
|2/18/2014||Q413||$1.94||$1.96||$662.63 million||$662.00 million||View||Listen|
|10/23/2013||Q313||$1.35||$1.35||$585.52 million||$572.48 million||View||Listen|
|7/23/2013||Q2 2013||$1.77||$1.74||$596.01 million||$589.00 million||View||Listen|
|4/23/2013||Q1 2013||$1.65||$1.64||$566.16 million||$561.80 million||View||Listen|
|2/5/2013||Q4 2012||$1.74||$1.75||$574.09 million||$571.50 million||View||Listen|
Earnings Estimates for Panera Bread Co (NASDAQ:PNRA)
2017 EPS Consensus Estimate: $7.83
2018 EPS Consensus Estimate: $8.84
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Panera Bread Co (NASDAQ:PNRA)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Panera Bread Co (NASDAQ:PNRA)
Insider Ownership Percentage: 6.96%Insider Trades by Quarter for Panera Bread Co (NASDAQ:PNRA)
Institutional Ownership Percentage: 96.66%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/9/2016||Scott G Blair||SVP||Sell||204||$186.00||$37,944.00|| |
|10/28/2016||Scott G Blair||SVP||Sell||76||$192.80||$14,652.80|| |
|8/30/2016||Mark D Wooldridge||Insider||Sell||36||$219.36||$7,896.96|| |
|8/24/2016||Scott G. Blair||SVP||Sell||202||$217.95||$44,025.90|| |
|8/15/2016||Mark D Wooldridge||Insider||Sell||164||$222.18||$36,437.52|| |
|8/15/2016||Scott G. Blair||SVP||Sell||306||$221.38||$67,742.28|| |
|8/8/2016||Scott G. Blair||SVP||Sell||228||$218.24||$49,758.72|| |
|8/1/2016||Scott G. Blair||SVP||Sell||198||$219.92||$43,544.16|| |
|6/20/2016||William W Moreton||Chairman||Sell||1,500||$212.33||$318,495.00|| |
|6/1/2016||William Henry Jr. Simpson||SVP||Sell||650||$218.74||$142,181.00|| |
|5/24/2016||Kenneth M Koziol||EVP||Sell||307||$213.92||$65,673.44|| |
|5/9/2016||Ronald M Shaich||CEO||Sell||17,500||$215.09||$3,764,075.00|| |
|5/5/2016||Ronald M Shaich||CEO||Sell||2,494||$215.01||$536,234.94|| |
|5/3/2016||Ronald M Shaich||CEO||Sell||20,006||$215.09||$4,303,090.54|| |
|2/12/2016||Mark D Wooldridge||Insider||Sell||221||$199.13||$44,007.73|| |
|2/12/2016||Scott G Blair||SVP||Sell||64||$195.35||$12,502.40|| |
|2/1/2016||Elizabeth A Dunlap||SVP||Sell||99||$193.37||$19,143.63|| |
|2/1/2016||Larry J Franklin||Director||Sell||650||$195.00||$126,750.00|| |
|1/25/2016||Elizabeth A Dunlap||SVP||Sell||75||$182.99||$13,724.25|| |
|1/25/2016||Larry J Franklin||Director||Sell||364||$185.00||$67,340.00|| |
|1/19/2016||Elizabeth A Dunlap||SVP||Sell||151||$190.50||$28,765.50|| |
|1/11/2016||Elizabeth A Dunlap||SVP||Sell||151||$187.53||$28,317.03|| |
|1/4/2016||Elizabeth A Dunlap||SVP||Sell||45||$192.86||$8,678.70|| |
|1/4/2016||William W. Moreton||Chairman||Sell||2,000||$192.51||$385,020.00|| |
|12/28/2015||Elizabeth A Dunlap||SVP||Sell||150||$194.00||$29,100.00|| |
|12/21/2015||Elizabeth A Dunlap||SVP||Sell||192||$195.92||$37,616.64|| |
|12/7/2015||Daniel A Wegiel||SVP||Sell||314||$190.00||$59,660.00|| |
|12/2/2015||Domenic Colasacco||Director||Sell||1,413||$182.18||$257,420.34|| |
|9/15/2015||William W Moreton||Chairman||Sell||2,000||$182.75||$365,500.00|| |
|12/29/2014||Irene Cook||SVP||Sell||258||$173.39||$44,734.62|| |
|10/3/2014||William W Moreton||Chairman||Sell||1,500||$166.87||$250,305.00|| |
|8/25/2014||Mark Borland||SVP||Sell||198||$152.79||$30,252.42|| |
|8/11/2014||Mark Borland||SVP||Sell||302||$146.00||$44,092.00|| |
|8/14/2013||Scott Davis||EVP||Sell||1,131||$173.28||$195,979.68|| |
|7/26/2013||Roger Christian Jr. Matthews||CFO||Buy||1,500||$168.58||$252,870.00|| |
|2/25/2013||Thomas E Lynch||Director||Sell||6,500||$158.01||$1,027,065.00|| |
Headline Trends for Panera Bread Co (NASDAQ:PNRA)
Latest Headlines for Panera Bread Co (NASDAQ:PNRA)
Panera Bread Co (PNRA) Chart for Thursday, July, 27, 2017