NEW YORK, Nov. 1, 2013 /PRNewswire/ -- Morgan & Morgan is investigating whether Panera Bread Company, Inc. ("Panera" or the "Company") (PNRA) and certain of its officers violated the federal securities laws when making statements to investors regarding its operations and business prospects.
On October 22, 2013, after the market closed, PNRA advised investors that the company was experiencing "operation friction," resulting in part from long wait times at Company stores, poor equipment, and insufficient staff. As a result, sales at established company-owned restaurants grew less than expected.
Following this news, shares of PNRA fell $9.29, almost 5.7%, to close at $153.15 per share on October 23, 2013.
If you purchased Panera and want more information about the Panera Shareholder Investigation please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.About Morgan & Morgan Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, wage and hour, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." Attorney advertising. Prior results do not guarantee a similar outcome. Contact:Morgan & Morgan Peter Safirstein, Esq.28 West 44 th StreetSuite 2001 New York, NY 100361-800-631-6234 firstname.lastname@example.org SOURCE Morgan & Morgan