Panera Bread SVP Sells $30,252 in Stock (PNRA)
Panera Bread (NASDAQ:PNRA) SVP Mark Borland unloaded 198 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $152.79, for a total value of $30,252.42. Following the sale, the senior vice president now directly owns 5,488 shares in the company, valued at approximately $838,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Panera Bread (NASDAQ:PNRA) traded down 1.19% during mid-day trading on Wednesday, hitting $149.93. 279,453 shares of the company’s stock traded hands. Panera Bread has a 52 week low of $142.41 and a 52 week high of $193.18. The stock has a 50-day moving average of $148. and a 200-day moving average of $161.1. The company has a market cap of $4.041 billion and a price-to-earnings ratio of 22.34.
Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Panera Bread will post $6.69 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays upgraded shares of Panera Bread from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 20th. They now have a $175.00 price target on the stock, up previously from $165.00. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Panera Bread presently has a consensus rating of “Hold” and an average target price of $164.76.
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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