Panera Bread CFO change not alarming, says Oppenheimer After Panera Bread reported that its CFO was resigning after only 18 months on the job, Oppenheimer does not believe that the news indicates deteriorating financials or a new directional strategy. The firm continues to believe that the stock remains attractive based on valuation and low expectations. It keeps an Outperform rating on the shares.
Panera Bread downgraded to Hold on valuation at Wunderlich Wunderlich downgraded Panera Bread to Hold from Buy with shares within 8% of its unchanged price target of $185. The firm still expects Panera's same-store sales to continue to improve thru 2015 and 2016.
Hain Pure Protein extends relationship with Panera Bread The Hain Celestial Group (HAIN) announced that Hain Pure Protein has entered into a new supply agreement with Panera (PNRA) to provide Plainville Farms turkey breast meat raised without antibiotics to Panera Bread. HPPC has been supplying Panera Bread with turkey raised without antibiotics on family farms since 2011.