Panera Bread Company (PNRA) Updates FY17 Earnings Guidance

Panera Bread Company (PNRA) Updates FY17 Earnings Guidance

Panera Bread Company (NASDAQ:PNRA) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $7.45-7.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.67.

Several brokerages recently weighed in on PNRA. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $240.00 price objective on shares of Panera Bread Company in a research note on Tuesday. RBC Capital Markets reissued an outperform rating and issued a $250.00 price objective on shares of Panera Bread Company in a research note on Sunday. Vetr raised shares of Panera Bread Company from a hold rating to a buy rating and set a $218.33 price objective on the stock in a research note on Monday, January 30th. Wedbush reissued a neutral rating and issued a $220.00 price objective on shares of Panera Bread Company in a research note on Saturday, January 28th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Panera Bread Company from a neutral rating to a buy rating and set a $227.00 price objective on the stock in a research note on Thursday, January 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $233.85.

Panera Bread Company (NASDAQ:PNRA) opened at 214.27 on Wednesday. Panera Bread Company has a 52-week low of $185.69 and a 52-week high of $224.15. The company has a market capitalization of $4.99 billion, a P/E ratio of 35.63 and a beta of 0.31. The stock’s 50 day moving average is $211.17 and its 200-day moving average is $207.54.

Panera Bread Company (NASDAQ:PNRA) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.05. Panera Bread Company had a net margin of 5.24% and a return on equity of 39.44%. The company earned $727.11 million during the quarter, compared to analysts’ expectations of $727.75 million. During the same period last year, the company posted $1.88 EPS. Panera Bread Company’s revenue was up 5.1% on a year-over-year basis. Analysts predict that Panera Bread Company will post $6.70 EPS for the current fiscal year.

Panera Bread Company Company Profile

Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.

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