NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment on Thursday, TheStreet's Jim Cramer said investors are overreacting to Panera Bread (PNRA) fourth-quarter results that missed analysts' estimates.
The restaurant company's reported fourth-quarter earnings that fell short of estimates by a nickel a share, and for the year, Panera said its revenue rose 6% but its profit fell 9%.
"I do not think this company should be written off," Cramer said. Investors should look at the progression. December was much better, he said, noting that six months from now, the stock will be higher.
"I understand the pain right now as numbers come down, but it was better than expected, not worse," he said.
Cramer said investors in WhiteWave Foods (WWAV) did not overreact. The food and beverage company reported fourth-quarter earnings that beat analysts' expectations.
He said that people believe in faddish foods such as coconut water and WhiteWave will go higher.
-- Written by Anthony Buccino
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.