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Enter Symbol:
Rating: PNRA
Buy $210

Panera Bread Company (NASDAQ: PNRA) upgraded to Buy with price target $210 by Maxim Group

Monday,  Nov 23, 2015  8:25 AM ET by Lynn Gilbert

Maxim Group upgraded Panera Bread Company (NASDAQ: PNRA) to Buy with price target
$210. Previously, Maxim Group rated Panera Bread Company (NASDAQ: PNRA) to Hold with price target $208 on 10/28/2015, when the stock price was valued at $182.32.

Panera Bread Company (Panera Bread), operates retail bakery-cafes. As of December 30, 2008, the Company operated, directly and through area development agreements with 39 franchisee groups, 1, 252 bakery-cafes (527 Company-owned and 725 franchise-operated, bakery-cafes). During the fiscal year ended December 30, 2008 (fiscal 2008), Panera opened 91 bakery-cafes system-wide (30 Company-owned and 61 franchise-operated bakery-cafes) and closed six bakery-cafes system-wide (four Company-owned and two franchise-operated bakery-cafes). Bakery-cafes are principally located in suburban, strip mall and regional mall locations, and operate in 38 states. The menu includes a variety of year-round favorites, complemented by new items introduced seasonally. Panera Bread operates as three business segments: the Company-owned, bakery-cafe operations segment; the franchise operations segment, and the fresh dough operations segment.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.



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