Panera Bread Co. (PNRA) - Bull of the Day

By Zacks.com,  August 29, 2012, 01:00:01 AM EDT

We believe Panera Bread Co. ( PNRA ) remains well positioned to reinvigorate brands, revitalize comparable store sales and accelerate unit growth in the long run. The introduction of a new menu, increased positive impact from media support, traction to off-premises catering program and faster recovery of higher-end consumers promises further growth.

Most importantly, Panera expects commodity inflation to cool down as the year progresses. We find Panera's second-quarter earnings and revenue beat, raise in full-year guidance for two consecutive quarters, the expectation of continued margin improvement and pricing power quite encouraging.

A more stable traffic growth compared to its restaurant peers also raises optimism. Hence, we upgrade our recommendation from Neutral to Outperform.
 
PANERA BREAD CO (PNRA): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: PNRA



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