Zacks: Brokerages Expect Panera Bread Co (PNRA) to Announce $1.86 Earnings Per Share

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.

COPYRIGHT VIOLATION NOTICE: “Zacks: Brokerages Expect Panera Bread Co (PNRA) to Announce $1.86 Earnings Per Share” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/05/20/zacks-brokerages-expect-panera-bread-co-pnra-to-announce-1-86-earnings-per-share-updated-updated.html.

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.

5 Day Chart for NASDAQ:PNRA

Get a free copy of the Zacks research report on Panera Bread (PNRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Panera Bread Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panera Bread Co and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply