Panera Bread Co (PNRA) Releases Earnings Results, Beats Expectations By $0.06 EPS

Panera Bread Co (PNRA) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.50. The company posted revenue of $685.15 million in the period, compared to analysts expectations of $673.73 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on Panera Bread Co. Panera Bread Co was Upgraded by Jefferies to ” Buy” on Apr 19, 2016. Panera Bread Co was Upgraded by KeyBanc Capital Mkts to ” Overweight” on Apr 19, 2016. Company shares were Reiterated by Maxim Group on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 238 from a previous price target of $225 .

Panera Bread Co closed down -1.65 points or -0.76% at $215 with 4,26,072 shares getting traded on Friday. Post opening the session at $215.98, the shares hit an intraday low of $211.16 and an intraday high of $216.935 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 16, 2016, Scott G Blair (SVP, Chief Legal/Franch. Off.) sold 64 shares at $195.35 per share price. According to the SEC, on Feb 3, 2016, Larry J Franklin (director) sold 650 shares at $195.00 per share price. On Feb 3, 2016, Elizabeth A. Dunlap (SVP, Chief People Officer) sold 99 shares at $193.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with 1880 Company-owned and franchise-operated bakery-cafe locations in 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. As of December 30 2014 its Company bakery-cafe operations segment consisted of 925 Company-owned bakery-cafes and its franchise operations segment consisted of 955 franchise-operated bakery-cafes located throughout the United States and in Ontario Canada. As of December 30 2014 its fresh dough and other product operations segment which supplies fresh dough and other products daily to the Company-owned and franchise-operated bakery-cafes consisted of 24 fresh dough facilities (22 Company-owned and two franchise-operated) located throughout the United States and one in Ontario Canada.

Panera Bread Co

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