Panera Bread Stock Hits New 52-Week High (PNRA)

NEW YORK ( TheStreet) -- Panera Bread Company (Nasdaq: PNRA) hit a new 52-week high Friday as it is currently trading at $160.98, above its previous 52-week high of $160.88 with 295,966 shares traded as of 3:34 p.m. ET. Average volume has been 390,900 shares over the past 30 days.

Panera Bread has a market cap of $4.16 billion and is part of the services sector and leisure industry. Shares are up 12.4% year to date as of the close of trading on Thursday.

Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes in the United States and Canada. The company has a P/E ratio of 33.6, above the average leisure industry P/E ratio of 33.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Panera Bread as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Panera Bread Ratings Report.

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