Brokerages forecast that Panera Bread Co (NASDAQ:PNRA) will post $1.86 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Panera Bread’s earnings, with the lowest EPS estimate coming in at $1.76 and the highest estimate coming in at $1.92. Panera Bread reported earnings of $1.78 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is expected to announce its next quarterly earnings results on Tuesday, July 25th.
On average, analysts expect that Panera Bread will report full-year earnings of $7.69 per share for the current fiscal year, with EPS estimates ranging from $7.22 to $7.95. For the next year, analysts expect that the business will report earnings of $8.92 per share, with EPS estimates ranging from $8.04 to $9.50. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Panera Bread.
Panera Bread (NASDAQ:PNRA) last announced its earnings results on Tuesday, April 25th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by $0.01. Panera Bread had a net margin of 5.21% and a return on equity of 42.93%. The firm had revenue of $727.60 million for the quarter, compared to analyst estimates of $717.36 million. During the same period in the previous year, the company earned $1.56 EPS. Panera Bread’s revenue was up 6.2% compared to the same quarter last year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Canaccord Genuity lowered Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Wednesday. Maxim Group reissued a “hold” rating and set a $315.00 price target on shares of Panera Bread in a report on Tuesday, April 11th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $240.00 price target on shares of Panera Bread in a report on Tuesday, February 7th. Finally, Barclays PLC lowered their price target on Panera Bread from $268.00 to $264.00 and set an “overweight” rating on the stock in a report on Wednesday, February 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $274.02.
Shares of Panera Bread (NASDAQ:PNRA) traded down 0.23% during trading on Thursday, hitting $312.68. The company’s stock had a trading volume of 612,742 shares. The stock has a market cap of $7.08 billion, a PE ratio of 47.33 and a beta of 0.31. The company has a 50-day moving average price of $280.27 and a 200-day moving average price of $228.85. Panera Bread has a one year low of $185.69 and a one year high of $316.21.
Several large investors have recently bought and sold shares of PNRA. Rhumbline Advisers increased its stake in Panera Bread by 1.9% in the third quarter. Rhumbline Advisers now owns 41,084 shares of the company’s stock worth $8,000,000 after buying an additional 777 shares during the last quarter. BlackRock Fund Advisors increased its stake in Panera Bread by 2.1% in the third quarter. BlackRock Fund Advisors now owns 825,865 shares of the company’s stock worth $160,812,000 after buying an additional 17,143 shares during the last quarter. BlackRock Inc. increased its stake in Panera Bread by 7.8% in the third quarter. BlackRock Inc. now owns 13,265 shares of the company’s stock worth $2,584,000 after buying an additional 960 shares during the last quarter. BlackRock Advisors LLC increased its stake in Panera Bread by 1.1% in the third quarter. BlackRock Advisors LLC now owns 12,524 shares of the company’s stock worth $2,439,000 after buying an additional 138 shares during the last quarter. Finally, Montag & Caldwell LLC increased its stake in Panera Bread by 14.4% in the third quarter. Montag & Caldwell LLC now owns 4,091 shares of the company’s stock worth $797,000 after buying an additional 516 shares during the last quarter. Institutional investors own 93.32% of the company’s stock.
Panera Bread Company Profile
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.
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