Panera Bread Co’s Trend Down, Especially After This Options Activity

 Panera Bread Co's Trend Down, Especially After This Options Activity

In today’s session Panera Bread Co (PNRA) recorded an unusually high (197) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PNRA decrease. With 197 contracts traded and 10364 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PNRA161118P00185000 closed last at: $5.9 or 0% . About 160,297 shares traded hands. Panera Bread Co (NASDAQ:PNRA) has declined 8.63% since March 8, 2016 and is downtrending. It has underperformed by 17.95% the S&P500.

Analysts await Panera Bread Co (NASDAQ:PNRA) to report earnings on October, 25. They expect $1.35 earnings per share, up 2.27% or $0.03 from last year’s $1.32 per share. PNRA’s profit will be $32.52M for 35.21 P/E if the $1.35 EPS becomes a reality. After $1.78 actual earnings per share reported by Panera Bread Co for the previous quarter, Wall Street now forecasts -24.16% negative EPS growth.

Panera Bread Co (NASDAQ:PNRA) Ratings Coverage

Out of 18 analysts covering Panera Bread (NASDAQ:PNRA), 15 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 83% are positive. $250 is the highest target while $196 is the lowest. The $234.10 average target is 23.11% above today’s ($190.15) stock price. Panera Bread has been the topic of 26 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets with “Outperform” on Wednesday, July 20. Maxim Group maintained the stock with “Hold” rating in Wednesday, October 28 report. Wedbush maintained the stock with “Outperform” rating in Thursday, April 28 report. The firm has “Buy” rating by Maxim Group given on Thursday, September 29. UBS maintained it with “Buy” rating and $230 target price in Thursday, July 30 report. Stifel Nicolaus downgraded Panera Bread Co (NASDAQ:PNRA) on Tuesday, July 26 to “Sell” rating. As per Thursday, September 3, the company rating was maintained by Piper Jaffray. The stock of Panera Bread Co (NASDAQ:PNRA) has “Buy” rating given on Tuesday, April 19 by Jefferies. The rating was initiated by Evercore on Tuesday, April 5 with “Hold”. Goldman Sachs maintained Panera Bread Co (NASDAQ:PNRA) on Thursday, March 31 with “Neutral” rating.

According to Zacks Investment Research, “Panera Bread Company operates a retail bakery-cafe business and franchising business under the concept names Panera Bread Company and Saint Louis Bread Company. The concept specializes in high quality food for breakfast and lunch, including fresh baked goods, made-to-order sandwiches on freshly baked breads, soups, salads, custom roasted coffees, as well as other cafe beverages, and targets suburban dwellers and workers by offering a premium specialty bakery and cafe experience with a neighborhood experience. >”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.21, from 1.1 in 2016Q1. The ratio dropped, as 43 funds sold all Panera Bread Co shares owned while 120 reduced positions. 45 funds bought stakes while 100 increased positions. They now own 21.44 million shares or 0.77% more from 21.28 million shares in 2016Q1.
Signaturefd Ltd Liability Corporation holds 0% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 8 shares. Wellington Mngmt Gru Llp holds 2.18 million shares or 0.12% of its portfolio. Trexquant Inv Limited Partnership holds 4,900 shares or 0.14% of its portfolio. Palisade Cap Mgmt Limited Liability Com Nj has invested 0.02% of its portfolio in Panera Bread Co (NASDAQ:PNRA). Clearbridge Invests reported 103 shares or 0% of all its holdings. Principal Financial Inc holds 0.03% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 91,271 shares. 1St Global Advsrs, a Texas-based fund reported 1,626 shares. Duncker Streett & has 1,255 shares for 0.09% of their US portfolio. Quantbot L P accumulated 5,284 shares or 0.12% of the stock. Qs Ltd Liability Co holds 802 shares or 0% of its portfolio. The Missouri-based Scout Invests Inc has invested 0.51% in Panera Bread Co (NASDAQ:PNRA). Capital Fund Mgmt has 15,753 shares for 0.03% of their US portfolio. Reilly Financial Advisors Lc has 50 shares for 0% of their US portfolio. Blackrock Institutional Na holds 0.02% of its portfolio in Panera Bread Co (NASDAQ:PNRA) for 676,826 shares. Federated Invsts Pa, a Pennsylvania-based fund reported 12,754 shares.

Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 10 selling transactions for $9.02 million net activity. Another trade for 202 shares valued at $44,026 was sold by Blair Scott G. On Tuesday, May 24 KOZIOL KENNETH M sold $65,673 worth of the stock or 307 shares. 17,500 shares with value of $3.76 million were sold by SHAICH RONALD M on Monday, May 9. Simpson William Henry Jr. had sold 650 shares worth $142,181. $7,897 worth of Panera Bread Co (NASDAQ:PNRA) was sold by Wooldridge Mark D..

Panera Bread Company is a food service provider. The company has a market cap of $4.58 billion. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. It has a 32.14 P/E ratio. The Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.

PNRA Company Profile

Panera Bread Company (Panera), incorporated on June 2, 1988, is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Firm operates through three divisions: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The Company’s menu groups are daily baked goods, including a range of freshly baked bagels, breads, muffins, scones, rolls, and sweet goods, made-to-order sandwiches on freshly baked breads, soups, freshly prepared and hand-tossed salads, pasta dishes, and roasted coffees and cafe beverages, such as hot or cold espresso and cappuccino drinks and smoothies. The Firm offers Panera Catering, a catering service that provides breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items.

More news for Panera Bread Co (NASDAQ:PNRA) were recently published by: Forbes.com, which released: “Oversold Conditions For Panera Bread (PNRA)” on September 14, 2016. Usatoday.com‘s article titled: “Panera Bread is changing your bacon” and published on September 21, 2016 is yet another important article.

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