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Stock Market & Financial Investment News

News Breaks
August 5, 2014
10:34 EDTPNRAPanera slides following CFO resignation
Shares of fast casual restaurant operator Panera Bread (PNRA) are falling after the company announced that CFO Roger Mathews is resigning from his position. WHAT'S NEW: Panera Bread announced last night that Roger Matthews, executive vice president and CFO, resigned his position to pursue other opportunities. Effective August 6, Bill Moreton, the executive vice chairman of the company, will serve as Interim CFO as the company conducts a search for a full-time replacement. Moreton has previously held the positions of CEO, Co-CEO and CFO of Panera Bread. ANALYST OPINION: Commenting on the announcement, Oppenheimer analyst Brian Bittner said that while unforeseen management changes are never ideal for shareholders, he feels that this news is not worrisome. He said that shareholders should not perceive this announcement as a sign of declining financials or a new directional strategy. Bittner believes that long-term investors should think about purchasing Panera at current levels. The firm maintains an Outperform rating on the shares. Likewise, Bernstein analyst Sara Senatore said that Moreton has shown that he is a competent executive both in terms of operations and communications. The firm kept an Outperform rating on the stock. PRICE ACTION: During morning trading, shares of Panera were down $1.23, or 0.8%, to $149.80.
News For PNRA From The Last 14 Days
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October 30, 2014
08:09 EDTPNRAPanera Bread showing early signs of progress, says Bernstein
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October 29, 2014
10:20 EDTPNRAHigh option volume stocks
High option volume stocks: KCG OI SWI SNY ITUB AWI GDOT PNRA EA ZLTQ
08:07 EDTPNRAPanera Bread shares poised to rebound, says Oppenheimer
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October 28, 2014
18:42 EDTPNRAOn The Fly: After Hours Movers
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16:36 EDTPNRAPanera Bread now sees Q4 EPS $1.77-$1.87, consensus $1.93
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16:35 EDTPNRAPanera Bread narrows FY14 EPS view to $6.60-$6.70, consensus $6.70
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16:33 EDTPNRAPanera Bread reports Q3 EPS $1.46, consensus $1.42
Reports Q3 revenue $619.89M, consensus $620.39M. Reports Q3 company-owned comparable net bakery-cafe sales increased 2.1%, franchise-operated comparable net bakery-cafe sales increased 0.7%, and system-wide comparable net bakery-cafe sales increased 1.4% compared to the same period in fiscal 2013.
October 27, 2014
14:31 EDTPNRAPanera Bread volatility increases into Q3 and outlook
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