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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Panera Bread Company (Nasdaq: PNRA) hit a new 52-week high Wednesday as it is currently trading at $168.90, above its previous 52-week high of $165.99 with 423,263 shares traded as of 10:20 a.m. ET. Average volume has been 501,100 shares over the past 30 days. Panera Bread has a market cap of $4.51 billion and is part of the services sector and leisure industry. Shares are up 12.8% 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 30.2, below the average leisure industry P/E ratio of 30.8 and above the S&P 500 P/E ratio of 17.7.