Panera Bread Company (NASDAQ:PNRA) Set to Announce Earnings on Monday
Panera Bread Company (NASDAQ:PNRA) is set to post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Panera Bread Company to post earnings of $1.87 per share for the quarter.
Panera Bread Company (NASDAQ:PNRA) last released its earnings results on Tuesday, April 25th. The company reported $1.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.84 by $0.01. The business had revenue of $727.60 million for the quarter, compared to the consensus estimate of $717.36 million. Panera Bread Company had a return on equity of 51.13% and a net margin of 5.39%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. On average, analysts expect Panera Bread Company to post $7.68 EPS for the current fiscal year and $8.94 EPS for the next fiscal year.
Shares of Panera Bread Company (PNRA) opened at 314.88 on Monday. The company has a market capitalization of $7.08 billion, a PE ratio of 47.67 and a beta of 0.25. The stock’s 50 day moving average price is $314.01 and its 200-day moving average price is $263.79. Panera Bread Company has a 1-year low of $185.69 and a 1-year high of $316.21.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Panera Bread Company from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. BidaskClub downgraded Panera Bread Company from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Sanford C. Bernstein reissued an “outperform” rating on shares of Panera Bread Company in a report on Monday, July 3rd. Canaccord Genuity downgraded Panera Bread Company from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Wednesday, April 26th. Finally, Maxim Group reissued a “hold” rating and issued a $315.00 target price on shares of Panera Bread Company in a report on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $273.65.
Panera Bread Company 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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