Jim Cramer Says Investors Have Golden Opportunity to Buy Panera (PNRA) Stock - TheStreet

NEW YORK (TheStreet) -- TheStreet's Jim Cramer said he thought that this would be the quarter in which Panera Bread  (PNRA) shareholders would cut numbers without understanding that "Panera 2.0" is going to roll out nationally in 2015.

Cramer also said on Mad Money that this would be a bad quarter for Panera and people would guide down, which would lead to the moment for investors to buy. Everything is playing out as he predicted, as the stock fell almost 5% Wednesday. He believes there could be a second day to the selloff, so he suggests buying some stock Wednesday and some Thursday if that is the case.

Cramer says investors have been waiting for new technology and the new menu. The raw costs are not a concern for Cramer because he thinks the costs, particularly dairy, will come down in 2015 thanks to a big harvest. He says "everything is coming together" and notes Panera 2.0 has incredible same-store sales.

Must Watch:Jim Cramer: You Can Buy Panera Bread on a Silver Platter

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Cramer says this is a chance to buy Panera "on a silver platter."

TheStreet Ratings team also rates Panera as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate PANERA BREAD CO (PNRA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."

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