NEW YORK (TheStreet) -- Shares of Panera Bread (PNRA) are rising 5% to $218 in after-hours trading on Tuesday after the company posted better-than-expected results for the 2016 second quarter.

After today's market close, the St. Louis-based fast-casual chain posted earnings of $1.78 per diluted share, topping analysts' estimates of $1.74 per share.

Revenue rose 3% to $698.9 million year-over-year and was higher than analysts' forecasts of $696.5 million.

"At a time when other restaurant companies are feeling the impact of a slowing consumer environment, we are maintaining our momentum," CEO Ron Shaich said in a statement.

For 2016, Panera sees earnings between $6.60 and $6.70 per share. Analysts are modeling earnings of $6.68 per share.

About 1.46 million of the company's shares were traded today vs. its average volume of 394,713 shares per day.

(Panera is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance.

The team believes its strengths outweigh the fact that the company shows low profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: PNRA

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