Panera Bread (PNRA) Tops Q3 EPS by 1c

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Wedbush Reiterates Outperform on Panera Bread (PNRA) Following 3Q Beat

October 28, 2015 1:26 PM EDT

Wedbush reiterated an Outperform rating on Panera Bread (NASDAQ: PNRA), and cut the price target to $240.00 (from $250.00), following the company's 3Q earnings report. Adjusted EPS of $1.32 was above $1.31 consensus on 3.8% co-owned SSS growth vs. 3.5% consensus. 2015 guidance continues to call for adj. EPS of flat to... More