This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Stocks Hitting 52-Week Highs

NEW YORK ( TheStreet) - Shares of Panera Bread (PNRA - Get Report), Home Depot (HD - Get Report), Elizabeth Arden (RDEN - Get Report), Lincoln Electric (LECO - Get Report), Valspar (VAL - Get Report) and Hubbell (HUB.B) all reached 52-week highs on Tuesday.

Each of these companies received a buy rating from TheStreet Ratings.

Panera Bread

The company is scheduled to report its fourth-quarter results on Tuesday after the market closes. Analysts, on average, expect earnings of $1.42 a share on $499.03 million in revenue.

The bakery-cafe company opened its 1,500th store in Manhattan Tuesday; this is also the first Panera in this borough.

"For 4Q11, we expect +6.3% comps (vs. guidance of +5.5%-6.5%) driven by +6% average check growth," Oppenheimer analysts wrote in a report on Sunday. "Therefore, any positive traffic (which we believe is likely given strong 4Q trends at other share takers) could drive comp upside and additional earnings leverage."

Shares of Panera hit a 52-week high on Tuesday of $160.88. The stock's 52-week low of $96.68 was set on Aug. 8.

Panera has an estimated price-to-earnings ratio for next year of 29.02X. The average among restaurant and bar companies is 22.65X. Darden (DRI) has a lower forward P/E of 12.23X.

Of the 23 analysts who cover Panera, 13 rated the stock a buy. Ten gave Panera a hold rating.

TheStreet Ratings gives Panera an A grade and has a $197.31 price target on the shares. The stock has risen 12.51% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HUB.B $100.16 3.28%
B $33.22 0.00%
HD $136.05 0.00%
LECO $62.65 0.00%
RDEN $9.74 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs