Panera Bread (PNRA) Releases Quarterly Earnings, Beats Expectations By $0.07 EPS
Panera Bread (NASDAQ:PNRA) issued its quarterly earnings data on Tuesday. The company reported $1.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.75 by $0.07, StockRatingsNetwork.com reports. The company had revenue of $631.05 million for the quarter, compared to the consensus estimate of $640.78 million. During the same quarter last year, the company posted $1.74 earnings per share. Panera Bread’s revenue was up 7.1% compared to the same quarter last year. Panera Bread updated its Q3 guidance to $1.40-1.46 EPS and its FY14 guidance to $6.65-6.80 EPS.
Panera Bread (NASDAQ:PNRA) traded up 1.95% on Tuesday, hitting $146.62. The stock had a trading volume of 1,270,938 shares. Panera Bread has a 52 week low of $142.41 and a 52 week high of $193.18. The stock’s 50-day moving average is $148. and its 200-day moving average is $164.3. The company has a market cap of $3.998 billion and a P/E ratio of 21.38.
A number of research firms have recently commented on PNRA. Analysts at Susquehanna cut their price target on shares of Panera Bread from $184.00 to $182.00 in a research note on Monday. On the ratings front, analysts at Wunderlich cut their price target on shares of Panera Bread from $170.00 to $162.00 in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note on Friday, June 27th. They now have a $156.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Panera Bread presently has a consensus rating of “Hold” and a consensus target price of $164.82.
Panera Bread Company (NASDAQ:PNRA) s a national bakery-cafe concept with 1,541 Company-owned and franchise-operated bakery-cafe locations in42 states, the District of Columbia, and Ontario, Canada.
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