Panera Bread Co(NASDAQ:PNRA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $698.90M. Analysts estimated a revenue of $695.29M. Earnings per share were $1.78. Analysts had estimated an EPS of $1.75.
In a different note, RBC Capital said it Initiates Coverage on Panera Bread Co, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Outperform’ by the firm. On May 26, 2016, Bernstein said it Assumes its rating on Panera Bread Co. The shares have been rated ‘Outperform’ by the firm.
Panera Bread Co (PNRA) shares turned negative on Fridays trading session with the shares closing down -2.31 points or -1.04% at a volume of 8,01,737. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $222.335. The peak price level was also seen at $222.335 while the days lowest was $217.65. Finally the shares closed at $219.32. The 52-week high of the shares is $224.15 while the 52-week low is $165.17. According to the latest information available, the market cap of the company is $5,186 M.
Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, William W. Moreton (Executive Vice-Chairman) sold 1,500 shares at $212.33 per share price.Also, On Jun 2, 2016, William Henry Jr. Simpson (SVP, Chief Development Officer) sold 650 shares at $218.74 per share price.On May 26, 2016, Kenneth M Koziol (Executive Vice President) sold 307 shares at $213.92 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.