Panera Shares Are Jumping on a Report That It's Considering a Sale

Commenting on media reports of takeover interest, Senatore commented that the timing was "surprising", since even before the recent surge in shares, move, Panera's multiple had expanded and "a better entry point might have been had previously". The CEO told CNBC last week he has no plans to retire. Finally, Norges Bank acquired a new position in Panera Bread during the fourth quarter worth approximately $48,169,000. The firm has price to sales ratio of 2.30 and its price to book per share was 22.34.

Shares of Panera shot up more than 10% immediately following the Bloomberg report; shares of the stock are now up 9.2%.

JAB's strategy of taking over coffee and bakery chains and the company's ability to pay a premium are consistent with an acquisition of Panera. Victory Capital Management Inc. boosted its position in Panera Bread by 14,891.0% in the third quarter.

The company's expected revenue in the current quarter to be 713.94 Million, seeing a projected current quarter growth of 16.7%, and per annum growth estimates over the next 5 year period of around 15.64%.

Panera Bread Company has a 50 day moving average of 232.51 and a 200 day moving average of 211.48.

Several analysts have released their opinion on Panera Bread Company (NASDAQ:PNRA), with 12 analysts believing it is a strong buy. Wedbush reiterated a "neutral" rating and set a $220.00 price objective on shares of Panera Bread in a report on Saturday, January 28th.

Panera Bread Company (PNRA) is now showing its ROA (Return on Assets) of 11.3%. During the same quarter in the previous year, the business posted $1.88 EPS. Panera Bread only spends about 7% on G&A so striking out synergies through a deal appear limited.

The sign on the hood of a delivery truck for Panera Bread seen in Westminster, Colorado February 11, 2015.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by BBNS and is owned by of BBNS. If you are viewing this report on another site, it was stolen and republished in violation of United States & worldwide copyright and trademark legislation. Maxim Group Maintains Panera Bread Company (PNRA) to Buy with a price target of $250. They now have a Dollars 260 price target on the stock.

02/15/2017 - Panera Bread Company had its "outperform" rating reiterated by analysts at Robert W. Baird.

The potential sale of Panera would be just the latest in a string of mergers in the quick-service food industry. The Firm is a national bakery-cafe concept. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.

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