Panera Bread SVP Mark Borland Unloads 302 Shares (PNRA)
Panera Bread (NASDAQ:PNRA) SVP Mark Borland sold 302 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $146.00, for a total value of $44,092.00. Following the transaction, the senior vice president now directly owns 6,182 shares in the company, valued at approximately $902,572. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Panera Bread (NASDAQ:PNRA) traded down 0.04% during mid-day trading on Wednesday, hitting $147.22. The stock had a trading volume of 311,491 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 $147.5 and its 200-day moving average is $162.3. The company has a market cap of $3.968 billion and a price-to-earnings ratio of 21.68.
Panera Bread (NASDAQ:PNRA) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.75 by $0.07. 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. Analysts expect that Panera Bread will post $6.69 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Panera Bread in a research note on Thursday, July 31st. They now have a $159.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Panera Bread in a research note on Thursday, July 31st. They now have a $160.00 price target on the stock, down previously from $165.00. Finally, analysts at Barclays cut their price target on shares of Panera Bread from $174.00 to $167.00 in a research note on Wednesday, July 30th. They now have an “equal weight” rating on the stock. One research 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 an average rating of “Hold” and an average target price of $164.32.
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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