Panera Bread - Value Alert
Texas (September 24, 2013) Wax Ink has issued a Negative Investment Interest opinion for Panera Bread (Nasdaq: PNRA) based on a recent baseline equity review which placed fair value between $71-$84.
Negative Investment Interest means that continued investment research is not warranted at this time.
The recent close of $168.80 is approximately 298% above the fair value buy target for the stock and approximately 93% above the fair value close target for the stock. The recent close is also 11% below analysts’ twelve-month $190.00 median price target for the stock.
The recent close represents a 1% decrease in the one year price of the stock, while year-over-year sales increased 17%, year-over-year earnings increased 24%, and year-over-year debt increased 0%.
The stock currently has a trailing twelve-month PE Ratio of 18, and a PEG Ratio of 1.2 basis estimated forward earnings growth of 15.5%.
In the past 52 weeks, share prices have moved between a high of $194.77 and a low of $153.65, placing equilibrium at $172.10.
With the recent close, the stock is trading 15% below the 52 week high, 9% above the 52 week low, and 2% below equilibrium.
The three-month average daily trading volume for the stock is approximately 524,000 shares.
Panera Bread together with its subsidiaries, owns, operates, and franchises retail bakery-cafes in the United States and Canada.
The company's listed competitors include Chipotle Mexican Grill, Einstein Noah Restaurant Group,and Starbucks Corporation.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 25, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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