Panera reaches new All-time High on possible sale

But with shares of Panera up 35% so far this year, has its shares come too far, too fast?

"W$3 e think a private strategic acquirer like JAB is more likely as a strategy to consolidate a category with emphasis on cost/synergies makes more sense than either a bolt on acquisition (for tech.) or a classic "refranchise and leverage" approach given PNRA's high AUVs and growth multiple", the analyst wrote. Given our unchanged positive long-term bias, we would become buyers again below $260, or with passage of time. The stock has risen almost 28 percent this year. This company shares are -10.26% up from its target price of $253.64 and the current market capitalization stands at $6.42B. The forecast of 9 surveyed investment analysts covering the stock advises investors to Buy stake in the company.

Relative strength index (RSI-14) for Panera Bread Co (NASDAQ:PNRA) is at 91.80. Maxim Group maintained the shares of PNRA in report on Thursday, September 29 with "Buy" rating. The stock is a Buy among 17 brokerage firms polled by Factset Research. Thus the company showed an Earnings Surprise of 2.5 Percent.

Shares of Panera were climbing by 7.88% to $282.50 during the final hour of trading on Monday. Hedge funds and other institutional investors own 93.32% of the company's stock. BTIG Research upgraded Panera Bread Co (NASDAQ:PNRA) on Wednesday, January 27 to "Buy" rating. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Panera Bread Co (NASDAQ:PNRA) distance from 20 day simple moving average is 16.61% whereas its distance from 50 day simple moving average is 22.47% along with 32.39% distance from 200 day simple moving average. The company reported $2.05 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.00 by $0.05. During the same period in the prior year, the business posted $1.88 EPS.

Derrick Rose to have knee surgery again, miss rest of season
The former NBA MVP also had surgeries to fix the meniscus in his right knee during the '13-14 season and again in '15. Since the 2011-12 season Rose has not averaged more than 20 points per game in a season.

"TRADEMARK VIOLATION WARNING: "[[title]]" was originally published by [[site]] and is the property of of [[site]]. These analysts and investment firms use various valuation methods to decide a price target for a stock.

But a sale of Panera would be just the latest restaurant deal.

Panera had 2,036 of its restaurants in 46 states and Canada as of December 27. The Company is a national bakery-cafe concept. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.

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