Panera Bread Rises On Unusually High Volume (PNRA)

NEW YORK ( TheStreet) -- Panera Bread Company (Nasdaq: PNRA) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading up $11.10 (+7.8%) at $153 as of 11:55 a.m. ET.

Panera Bread has a market cap of $4.11 billion and is part of the services sector and leisure industry. Shares are up 0.9% year to date as of the close of trading on Tuesday.

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 28.8, below the average leisure industry P/E ratio of 29.8 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, impressive record of earnings per share growth, compelling growth in net income, 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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