Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Panera Bread Company fell $3.29 (-1.9%) to $165.36 on heavy volume. Throughout the day, 824,879 shares of Panera Bread Company exchanged hands as compared to its average daily volume of 535,800 shares. The stock ranged in price between $165.12-$167.56 after having opened the day at $167.00 as compared to the previous trading day's close of $168.65. Other companies within the Leisure industry that declined today were:
), down 7.6%,
), down 6.6%,
), down 5.6% and
), down 5.3%.
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Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes in the United States and Canada. The company operates three business segments: Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. Panera Bread Company has a market cap of $4.7 billion and is part of the services sector. Shares are up 6.3% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Panera Bread Company a buy, 2 analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Panera Bread Company
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Panera Bread Company Ratings Report.
On the positive front,
), up 11.9%,
), up 8.2%,
), up 5.2% and
), up 4.8% , were all gainers within the leisure industry with
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
) while those bearish on the leisure industry could consider
- Find other investment ideas from our top rated ETFs lists.