KeyBanc Starts Panera Bread (PNRA) at Buy; Favorable Bias Toward Dominant Brand

July 12, 2012 4:32 PM EDT
Get Alerts PNRA Hot Sheet
Price: $212.06 -0.6%

Rating Summary:
    20 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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KeyBanc initiates coverage on Panera Bread (NASDAQ: PNRA) with a Buy. PT $175.00.

Analyst, Christopher O'Cull, said, "Consistent with our favorable bias toward dominant brands with relevant niches, we believe Panera is well positioned to sustain 20% annual EPS growth. We expect the growth to come from expanding system units by 8% annually (9-10% company and 6-7% franchise), 3-4% SRS gains and 30-60 bps margin expansion from sales leverage."

For an analyst ratings summary and ratings history on Panera Bread click here. For more ratings news on Panera Bread click here.

Shares of Panera Bread closed at $143.05 yesterday.

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