Investors likely to focus on negative parts of Panera results, says Wells Fargo After Panera reported higher than expected Q4 EPS and its Q4 SSS also beat expectations, Wells Fargo expects most investors to focus on the company's Q1-to-date SSS decline of 2.2% and its lower than expected 2014 EPS guidance. Nonetheless the firm expects the company to benefit from several of its ongoing initiatives this year, and it expects the company to return to transaction growth. It keeps an Outperform rating on the shares.
News For PNRA From The Last 14 Days
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Panera Bread not receiving credit for top-line growth, says UBS UBS believes Panera Bread is under pressure due to a lack of visibility in 2015 but feels it is not receiving enough credit for its top-line revenue growth. The firm feels a significant lift is coming in 2015 comps and a rollout of 2.0. Shares of Panera Bread remain Buy rated but price target lowered to $180 from $200 per share.
Panera Bread upgraded to Overweight from Equal Weight at Barclays Barclays upgraded Panera Bread to Overweight citing low near-term expectations and its belief the company's investments will drive long-term growth. Barclays sees a favorable risk/reward at current shares levels and raised its price target for Panera to $175 from $165.