Panera Bread (PNRA) Tops Q1 EPS by 6c; Raises Outlook

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Wedbush Raises Panera (PNRA) PT to $250

April 28, 2016 9:09 AM EDT

Wedbush analyst, Nick Setyan, believes that Panera Bread (NASDAQ: PNRA) catering initiatives and national marketing are poised to sustain sales lifts ahead of expectations. No change to Outperform rating, while the price target goes to $250 from $240.

EPS of $1.56 was above $1.51 consensus, driven by 6.2% co-owned SSS growth vs. 5.4% consensus. 4.4% QTD comps are also trending above 4.2% Q2 consensus. Q2 guidance calls for EPS... More

Panera Bread (PNRA) Turnaround Taking Shape - Jefferies

April 27, 2016 7:54 AM EDT

Jefferies analyst, Alexander Slagle, sees the turnaround at Panera Bread (NASDAQ: PNRA) taking shape as SSS were better than expected & cafe margins expanded Y/Y for the first time since 2012. No change to Buy rating but the PT will be addressed after the earnings call at 8:30.

Q1 SSS of 6.2% beat consensus of 5.3% as check growth of 3.8% and traffic of 2.4% were both ahead of... More