Panera Bread price target raised to $165 from $156 at Piper Jaffray
Piper Jaffray raised its estimates and price target for Panera Bread following the company's better than expected Q4 results. The firm maintains an Overweight rating on the stock. :theflyonthewall.com
Panera Bread raises FY12 new unit target to about 115-120 system-wide openings
This is up from prior guidance of 110-115 system-wide new unit openings. It has also increased its target for average weekly net sales performance for new company-owned units to $40,000 to $42,000 from $39,000 to $41,000. :theflyonthewall.com
Panera Bread raises FY12 EPS $5.50-$5.55 vs. consensus $5.52
This represents 18%-19% growth over FY12 adjusted EPS. Prior guidance was $5.38-$5.48. This increase in the FY12 target includes a favorable impact of 2c-3c per diluted share in FY12 from the pending acquisition of the Raleigh-Durham market. The EPS per diluted share target does not assume additional share repurchases. :theflyonthewall.com