PNRA Investment Analysis Report & Stock Research, Panera Bread Company Class A

Panera Bread Company Class A (PNRA)

PNRA Stock Report

2-Year Price History

View Larger PNRA Chart
NASDAQ:PNRA
$72.60
(2/9 3:17PM)
+2.3%
Open$71.14 Mkt Cap$2.1 Billion
High$72.69 52Wk High$74.42
Low$71.14 52Wk Low$42.30
Volume378,767 Avg Vol 10D582,600

Ockham's Rating/Recommendation Summary

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PNRA Revenue

Cash earnings is the most important factor in our analysis, but it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 10 years. For, PNRA the high and low end of the Price to Sales per share ratios are 2.66x and 1.50x respectively.

Notice that PNRA's current Price to Sales per share ratio is 1.70x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $70.60, PNRA is 19% below where we would expect to see it. This will beneficially factor into our final analysis of PNRA as it is not often that this stock sinks to these levels.

PNRA Cash Earnings

As the old saying goes, "Cash is King!" We look at reported Cash Earnings, but the main emphasis of our analysis involves stripping out non-cash events such as depreciation from our cash earnings analysis. This helps us view the cash flows more clearly. Nevertheless, an analysis of Cash Earnings (both reported and otherwise) is absolutely pivotal to assessing a company's value, and currently PNRA is below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for PNRA to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 21.96 and a 12.30 low over the same period.

At its current price of $70.60, the Price to Cash Earnings ratio of 14.77 per share for PNRA is relatively attractive. At current profitability levels, a drop in share price would only improve our future expectations. Again, Cash Earnings is an incredibly valuable metric, and management at PNRA must continue on its generation to improve our overall outlook for the stock.

PNRA Dividends

When determining a company's future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn't imperative for PNRA to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis. As of the time of this report, our data provider does not have historical data for PNRA. Therefore, we are not utilizing the dividends portion in our study. So, we do not know whether PNRA currently pays a dividend at present or not, we have an "expected dividend" payment listed in key fundamentals but cannot varify it.

Peer Comparison

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Panera Bread Company Class A Industry Grouping

(2/8/2010)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not including PNRA) 15.24 5.13 » 71.64 3.22 0.86 » 9.01 11.01% 9.43%
*10 year range does not include current year values
Burger King Holdings, Inc. BKC $2.4 Billion $18.00 8.17 7.06 » 22.09 0.96 0.75 » 1.69 7.66% 15.68%
Home Inns & Hotels Management, Inc. HMIN $2.2 Billion $28.34 27.71 5.65 » 202.33 3.24 0.79 » 26.32 n/a 6.18%
WMS Industries Inc. WMS $2.2 Billion $36.94 11.59 4.24 » 44.05 2.21 1.07 » 5.93 25.14% 11.54%
Panera Bread Company Class A PNRA $2.1 Billion $70.96 14.77 7.01 » 32.69 1.70 0.73 » 4.03 29.55% 14.76%
Bally Technologies, Inc. BYI $2.1 Billion $37.96 10.20 0.33 » 52.30 1.76 0.03 » 3.56 12.56% 14.57%
Choice Hotels International, Inc. CHH $1.9 Billion $31.45 18.54 8.38 » 37.45 7.91 1.65 » 7.53 -1.31% -0.83%
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Power Lunch

Stay Current on PNRA's News on Power Lunch

Staying informed on the news is invaluable for investors, and RazorWire has captured a recently discussion on PNRA from Power Lunch.

Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Panera Bread Company Class A underperforming. The Ockham valuation currently has a Fairly Valued stance on PNRA because it trades within the price range that we would expect given current market conditions and fundamentals. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Panera Bread Company Class A has actually sunk a bit in comparison to the others.

“… Chang's and PANERA BREAD all up in a pretty calm marketplace. > > why would that be unless you think you'll see more improvement in the economy? > > …”

Mad Money

Looking Ahead to the Next Trading Day: Mad Money Discussed PNRA After Hours

Something is causing Panera Bread Company Class A to be a little more active in post market trading, and it was covered by Mad Money recently.

As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PNRA has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PNRA. The crowd at The Motley Fool does not like PNRA and believes that it will Underperform.

“… After the close, we will be listening like crazy and eating like crazy to PANERA BREAD, cheesechaining factory and chipotle. These three stocks do make it. …”

Mad Money

A Discussion of PNRA's CEO Occurred on Mad Money

Keeping up with a CEO is one way that we try to better understand the direction of a company, and there was talk about PNRA management on Mad Money.

The crowd at The Motley Fool does not like PNRA and believes that it will Underperform. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PNRA. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PNRA has been less covered in the news compared to the rest of our universe of stocks.

“… Ceo of PANERA BREAD as we heard last week. Finally the international stock which I find most exciting, starbucks is developing a regional support model for its business ... …”

Mad Money

The Latest News for PNRA Was Just on Mad Money

Panera Bread Company Class A is one of the thousands of companies that Ockham has news analytics on, and it was recently discussed on Mad Money.

The latest news on PNRA has created quite a stir as the stock is trading $5.17 higher in today's session. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. Panera Bread Company Class A receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; PNRA has received less coverage from the financial media in business television and blogs.

“… But every cloud has a silver lining and today you can find it in PANERA BREAD. This stock was up $5 today. I bet we would be up $10 if we didn't have the slashing. …”

Closing Bell

RazorWire has Detected News About PNRA on Closing Bell

News has broken via the television and viral blogs regarding PNRA, so investors should take an interest in learning what was said.

Panera Bread Company Class A receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. The latest news on PNRA has created quite a stir as the stock is trading $4.93 higher in today's session. We noticed recently that in comparison to all other stocks we analyze in the news; PNRA has received less coverage from the financial media in business television and blogs.

“… PANERA BREAD shares also at a new high today. Better than 7%. In addition it is saying that its same-store sales in january so far are up nearly 10%. …”

Street Signs

Street Signs: Get Plugged into PNRA News Regarding The CEO

Ockham is always interested to know what the Chief Executive is doing for their company, and we noticed a mention of PNRA's CEO on Street Signs.

Panera Bread Company Class A receives our Fairly Valued rating in our latest report because the current price does not seem out of line with the fundamentals. We noticed recently that in comparison to all other stocks we analyze in the news; PNRA has received less coverage from the financial media in business television and blogs. While bearish sentiment on a stock is not always a bad thing, it is something you need to be aware of. The Motley Fool survey of crowd sentiment shows that many investors believe this stock will underperform. The latest news on PNRA has created quite a stir as the stock is trading $4.88 higher in today's session.

“… tone the ceo of PANERA BREAD is on with jim. > > that stock up four. No lending, no prop fund. I've had one of their sandwiches, not a single hedge fund in it. …”

Closing Bell

First PNRA News on Closing Bell in More Than a Month

After a month of relative quiet from PNRA, they have appeared back in the news.

As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PNRA has been less covered in the news compared to the rest of our universe of stocks. After factoring in the current fundamentals versus their historically normal ranges, we have established a Fairly Valued stance on PNRA. The crowd at The Motley Fool does not like PNRA and believes that it will Underperform.

“… PANERA BREAD, somebody is buying a lot of sandwiches and bread. Same-store sales for the quarter up 7. 4%. They're up 9. F4% for the month of february. …”

Fast Money

Heard on Fast Money: CEO of PNRA Discussed

Ockham is always interested to know what the Chief Executive is doing for their company, and we noticed a mention of PNRA's CEO on Fast Money.

When taking into account the amount of news coverage each stock normally sees as a percentage of the total, Panera Bread Company Class A has actually sunk a bit in comparison to the others. At present, Ockham has a valuation stance of Undervalued on PNRA, as we could see significant price appreciation based on current fundamentals like cash earnings and revenue. Interestingly, overall sentiment looks bearish according to the Motley Fool's CAPS survey, as most of their users see Panera Bread Company Class A underperforming.

“… Ceo of PANERA BREAD on the fast you guys like panera, the food or the stock? > > I think the stock is okay. They have nice eps growth. …”

Fast Money

The Chief Executive of PNRA Was Discussed on Fast Money

Panera Bread Company Class A's CEO is obviously vital to his company, so we believe any news covering him is worth knowing for investors.

The crowd at The Motley Fool does not like PNRA and believes that it will Underperform. As we analyze the results from RazorWire, one thing we do is rank each stock in terms of amount of news coverage. Recently, PNRA has been less covered in the news compared to the rest of our universe of stocks. We consider PNRA as Undervalued at the current price of $63.90. According to our methodology, this stock has appreciation potential based on current fundamentals which only improves if earnings or revenue surprise.

“… PANERA BREAD is not only reporting rising sales, but also the best performing dining joining us on how his company has remained so successful, ron shaich, c,eo of PANERA BREAD. …”

Mad Money

Panera Bread Company Class A (PNRA) Discussed on CNBC's Mad Money

Panera Bread Company Class A is in the news. Find out how this impacts PNRA trading on Ockham Research.

Restaurant chain that is panera bred, PNRA up 7% on a strong quarter and boosted outlook versus spx. >> this little yellow bud. >> the huge heavy machinery company that makes transformers. You know, the real ones like the big, metal towers. It was down 11%.

“… %. …”

View All Panera Bread Company Class A Stock News

Key Fundamentals

PNRA - Panera Bread Company Class A Fundamentals
Price (2/9 3:17PM) $72.60
Volume (2/9 3:17PM) 378,767
Last Close Price $70.96
10 Day Average Volume 582,600
13 Week Price Range $61.57 - $74.42
52 Week Price Range $42.30 - $74.42
LTM Revenue $1.3 Billion
 
Shares Outstanding (12/2008) 31.5 Million
Market Capitalization $2.1 Billion
Shares Held By Institutions 32.5 Million
Institutional Holders 285
% Shares Held By Institutions %
Earnings Per Share (EPS) $2.22
P/E Ratio 26.60
Book Value Per Share $17.63
 
Gross Margin 18.90%
Annual Dividend 0.00
Dividend Yield 0.00%
Beta 0.87
Fiscal Year Ends December

About Panera Bread Company Class A

Panera Bread Company Class A is considered to operate in the Services sector. They specifically operate in the Specialty Eateries business segment contained within the Leisure industry.

The company and its subsidiaries operate a retail bakery-cafe business and franchising business under the concept names Panera Bread, Saint Louis Bread Co., and Paradise Bakery & Cafe.