Panera Bread Rises On Unusually High Volume (PNRA)

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) is trading at unusually high volume Wednesday with 818,668 shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.79 (+2.3%) at $166.76 as of 10:30 a.m. ET.

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Panera Bread has a market cap of $4.63 billion and is part of the services sector and leisure industry. Shares are up 2.9% 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 29.4, 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, good cash flow from operations, impressive record of earnings per share growth, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Panera Bread Ratings Report.

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