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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 1.85
PNRA's Cash to Debt is ranked higher than
73% of the 320 Companies
in the Global Restaurants industry.

( Industry Median: 0.59 vs. PNRA: 1.85 )
PNRA' s 10-Year Cash to Debt Range
Min: 0.01   Max: No Debt
Current: 1.85

Equity to Asset 0.57
PNRA's Equity to Asset is ranked higher than
74% of the 316 Companies
in the Global Restaurants industry.

( Industry Median: 0.48 vs. PNRA: 0.57 )
PNRA' s 10-Year Equity to Asset Range
Min: 0.45   Max: 0.86
Current: 0.57

0.45
0.86
Interest Coverage 294.17
PNRA's Interest Coverage is ranked higher than
86% of the 245 Companies
in the Global Restaurants industry.

( Industry Median: 16.79 vs. PNRA: 294.17 )
PNRA' s 10-Year Interest Coverage Range
Min: 0.92   Max: 3435.44
Current: 294.17

0.92
3435.44
F-Score: 6
Z-Score: 9.11
M-Score: -3.51
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 11.78
PNRA's Operating margin (%) is ranked higher than
88% of the 319 Companies
in the Global Restaurants industry.

( Industry Median: 6.33 vs. PNRA: 11.78 )
PNRA' s 10-Year Operating margin (%) Range
Min: 1.98   Max: 13.73
Current: 11.78

1.98
13.73
Net-margin (%) 7.63
PNRA's Net-margin (%) is ranked higher than
88% of the 319 Companies
in the Global Restaurants industry.

( Industry Median: 3.70 vs. PNRA: 7.63 )
PNRA' s 10-Year Net-margin (%) Range
Min: -8.21   Max: 8.37
Current: 7.63

-8.21
8.37
ROE (%) 24.92
PNRA's ROE (%) is ranked higher than
94% of the 313 Companies
in the Global Restaurants industry.

( Industry Median: 9.46 vs. PNRA: 24.92 )
PNRA' s 10-Year ROE (%) Range
Min: -24.76   Max: 25.78
Current: 24.92

-24.76
25.78
ROA (%) 15.56
PNRA's ROA (%) is ranked higher than
97% of the 320 Companies
in the Global Restaurants industry.

( Industry Median: 4.37 vs. PNRA: 15.56 )
PNRA' s 10-Year ROA (%) Range
Min: -12.05   Max: 16.02
Current: 15.56

-12.05
16.02
ROC (Joel Greenblatt) (%) 44.14
PNRA's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 318 Companies
in the Global Restaurants industry.

( Industry Median: 16.96 vs. PNRA: 44.14 )
PNRA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.86   Max: 53.18
Current: 44.14

3.86
53.18
Revenue Growth (%) 18.40
PNRA's Revenue Growth (%) is ranked higher than
94% of the 270 Companies
in the Global Restaurants industry.

( Industry Median: 5.00 vs. PNRA: 18.40 )
PNRA' s 10-Year Revenue Growth (%) Range
Min: -18   Max: 30.8
Current: 18.4

-18
30.8
EBITDA Growth (%) 21.90
PNRA's EBITDA Growth (%) is ranked higher than
88% of the 223 Companies
in the Global Restaurants industry.

( Industry Median: 5.60 vs. PNRA: 21.90 )
PNRA' s 10-Year EBITDA Growth (%) Range
Min: -13.4   Max: 60.4
Current: 21.9

-13.4
60.4
EPS Growth (%) 23.40
PNRA's EPS Growth (%) is ranked higher than
88% of the 181 Companies
in the Global Restaurants industry.

( Industry Median: 7.70 vs. PNRA: 23.40 )
PNRA' s 10-Year EPS Growth (%) Range
Min: -62.5   Max: 130.7
Current: 23.4

-62.5
130.7
» PNRA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

PNRA Guru Trades in Q3 2013

Steven Cohen 540,691 sh (New)
Joel Greenblatt 7,324 sh (New)
Paul Tudor Jones 2,000 sh (New)
John Hussman 135,000 sh (+35%)
Jeremy Grantham 18,185 sh (+32.35%)
PRIMECAP Management 41,875 sh (+3.72%)
Jim Simons 961,892 sh (+2.33%)
Ron Baron 600,587 sh (-0.08%)
Pioneer Investments 33,413 sh (-27.32%)
Ray Dalio 1,500 sh (-40%)
» More
Q4 2013

PNRA Guru Trades in Q4 2013

Lee Ainslie 280,635 sh (New)
PRIMECAP Management 46,875 sh (+11.94%)
Steven Cohen 555,013 sh (+2.65%)
Steven Cohen 145,000 sh (unchged)
Pioneer Investments Sold Out
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Ron Baron 599,762 sh (-0.14%)
Jim Simons 866,900 sh (-9.88%)
John Hussman 120,000 sh (-11.11%)
Jeremy Grantham 11,515 sh (-36.68%)
Joel Greenblatt 3,943 sh (-46.16%)
» More
Q1 2014

PNRA Guru Trades in Q1 2014

Caxton Associates 30,000 sh (New)
Ray Dalio 7,300 sh (New)
Joel Greenblatt 4,196 sh (+6.42%)
PRIMECAP Management 46,875 sh (unchged)
Lee Ainslie Sold Out
Ron Baron 599,682 sh (-0.01%)
Jeremy Grantham 11,040 sh (-4.13%)
John Hussman 110,000 sh (-8.33%)
Jim Simons 650,900 sh (-24.92%)
Steven Cohen 285,732 sh (-48.52%)
» More
Q2 2014

PNRA Guru Trades in Q2 2014

John Rogers 29,162 sh (New)
Paul Tudor Jones 2,644 sh (New)
Joel Greenblatt 70,152 sh (+1571.88%)
Jim Simons 873,992 sh (+34.27%)
PRIMECAP Management 46,875 sh (unchged)
Caxton Associates Sold Out
Jeremy Grantham Sold Out
Ray Dalio Sold Out
Ron Baron 587,737 sh (-1.99%)
John Hussman 50,000 sh (-54.55%)
» More
» Details

Insider Trades

Latest Guru Trades with PNRA

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-06-30 Reduce -54.55%0.82%$147.94 - $174.97 $ 160.621%50000
Joel Greenblatt 2014-06-30 Add 1571.88%0.12%$147.94 - $174.97 $ 160.621%70152
Ray Dalio 2014-06-30 Sold Out 0.01%$147.94 - $174.97 $ 160.621%0
Lee Ainslie 2014-03-31 Sold Out 0.64%$164.46 - $190.38 $ 160.62-9%0
John Hussman 2014-03-31 Reduce -8.33%0.12%$164.46 - $190.38 $ 160.62-9%110000
Ray Dalio 2014-03-31 New Buy0.01%$164.46 - $190.38 $ 160.62-9%7300
Lee Ainslie 2013-12-31 New Buy0.64%$153.15 - $178.92 $ 160.62-4%280635
John Hussman 2013-12-31 Reduce -11.11%0.13%$153.15 - $178.92 $ 160.62-4%120000
Joel Greenblatt 2013-12-31 Reduce -46.16%0.02%$153.15 - $178.92 $ 160.62-4%3943
Ray Dalio 2013-12-31 Sold Out $153.15 - $178.92 $ 160.62-4%0
John Hussman 2013-09-30 Add 35%0.31%$164.02 - $190.71 $ 160.62-8%135000
Joel Greenblatt 2013-09-30 New Buy0.04%$164.02 - $190.71 $ 160.62-8%7324
Ray Dalio 2013-09-30 Reduce -40%$164.02 - $190.71 $ 160.62-8%1500
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Panera Bread Co Inc

Baron Funds Comments on Panera Bread Co. - Nov 06, 2013

Shares of Panera Bread Co. (PNRA), a casual dining restaurant, declined 14.7% in the third quarter. Panera missed earnings expectations due to higher costs and lower-than-anticipated same store sales. The company continued to achieve higher same store sales than the industry, but that gap has narrowed recently. Growth has slowed relative to competitors due to capacity constraints at certain mealtimes, and the company is actively addressing the issue. (Michael Baron)

From Ron Baron's Baron Funds third quarter 2013 report.


Check out Ron Baron latest stock trades

Top Ranked Articles about Panera Bread Co Inc

Guru John Hussman's Top Five Positions
Over the past quarter Guru John Hussman (Trades, Portfolio) added 33 stocks to his holdings, bringing his total portfolio holdings to 197 stocks valued at $1.334 billion. The following five stocks are Hussman’s top five positions as of the close of the first quarter. Read more...
Baron Funds Comments on Panera Bread Co.
Shares of Panera Bread Co. (PNRA), a casual dining restaurant, declined 14.7% in the third quarter. Panera missed earnings expectations due to higher costs and lower-than-anticipated same store sales. The company continued to achieve higher same store sales than the industry, but that gap has narrowed recently. Growth has slowed relative to competitors due to capacity constraints at certain mealtimes, and the company is actively addressing the issue. (Michael Baron) Read more...
Pinching Dough – Panera Bread, Others Rise as Disposable Income Shrinks
American disposable income is shrinking, which means more people will be eating at home. According to Investment Contrarians, “In September 2012, the real disposable income in the U.S. decreased by 0.1%. In August 2012, it declined 0.3%. At the same time, the U.S. personal savings rate is also retreating—down to 3.3% of disposable income in September compared to 3.7% in August.” How does this affect restaurant goers? Americans have already reflected a drop in away-from-home dining. Aside from the highest fast food consumption, Americans were surprisingly low restaurant spenders in 2012, compared to 18 other countries that spend more per year, according to the Huffington Post. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 23.60
PNRA's P/E(ttm) is ranked higher than
79% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 30.90 vs. PNRA: 23.60 )
PNRA' s 10-Year P/E(ttm) Range
Min: 17.89   Max: 48.21
Current: 23.6

17.89
48.21
P/B 6.31
PNRA's P/B is ranked lower than
52% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 3.73 vs. PNRA: 6.31 )
PNRA' s 10-Year P/B Range
Min: 2.16   Max: 7.53
Current: 6.31

2.16
7.53
P/S 1.80
PNRA's P/S is ranked higher than
54% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 1.20 vs. PNRA: 1.80 )
PNRA' s 10-Year P/S Range
Min: 0.93   Max: 3.95
Current: 1.8

0.93
3.95
PFCF 30.14
PNRA's PFCF is ranked higher than
84% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 9999.00 vs. PNRA: 30.14 )
PNRA' s 10-Year PFCF Range
Min: 11.1   Max: 1033.5
Current: 30.14

11.1
1033.5
EV-to-EBIT 14.65
PNRA's EV-to-EBIT is ranked higher than
80% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 20.11 vs. PNRA: 14.65 )
PNRA' s 10-Year EV-to-EBIT Range
Min: 10.5   Max: 29.2
Current: 14.65

10.5
29.2
PEG 1.06
PNRA's PEG is ranked higher than
97% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 9999.00 vs. PNRA: 1.06 )
PNRA' s 10-Year PEG Range
Min: 0.71   Max: 1.85
Current: 1.06

0.71
1.85
Shiller P/E 32.41
PNRA's Shiller P/E is ranked higher than
88% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 9999.00 vs. PNRA: 32.41 )
PNRA' s 10-Year Shiller P/E Range
Min: 21.59   Max: 231.16
Current: 32.41

21.59
231.16
Current Ratio 1.19
PNRA's Current Ratio is ranked higher than
69% of the 242 Companies
in the Global Restaurants industry.

( Industry Median: 1.13 vs. PNRA: 1.19 )
PNRA' s 10-Year Current Ratio Range
Min: 0.08   Max: 2.49
Current: 1.19

0.08
2.49
Quick Ratio 1.11
PNRA's Quick Ratio is ranked higher than
72% of the 242 Companies
in the Global Restaurants industry.

( Industry Median: 0.92 vs. PNRA: 1.11 )
PNRA' s 10-Year Quick Ratio Range
Min: 0.06   Max: 2.41
Current: 1.11

0.06
2.41

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 8.81
PNRA's Price/Tangible Book is ranked higher than
53% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 5.50 vs. PNRA: 8.81 )
PNRA' s 10-Year Price/Tangible Book Range
Min: 1.12   Max: 10.01
Current: 8.81

1.12
10.01
Price/DCF (Projected) 1.64
PNRA's Price/DCF (Projected) is ranked higher than
83% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 4.87 vs. PNRA: 1.64 )
PNRA' s 10-Year Price/DCF (Projected) Range
Min: 1.53   Max: 20.37
Current: 1.64

1.53
20.37
Price/Median PS Value 0.83
PNRA's Price/Median PS Value is ranked higher than
93% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 1.32 vs. PNRA: 0.83 )
PNRA' s 10-Year Price/Median PS Value Range
Min: 0.11   Max: 1.94
Current: 0.83

0.11
1.94
Price/Peter Lynch Fair Value 1.12
PNRA's Price/Peter Lynch Fair Value is ranked higher than
96% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 9999.00 vs. PNRA: 1.12 )
PNRA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.87   Max: 9.06
Current: 1.12

0.87
9.06
Price/Graham Number 3.03
PNRA's Price/Graham Number is ranked higher than
69% of the 334 Companies
in the Global Restaurants industry.

( Industry Median: 4.53 vs. PNRA: 3.03 )
PNRA' s 10-Year Price/Graham Number Range
Min: 0.92   Max: 4.37
Current: 3.03

0.92
4.37
Earnings Yield (Greenblatt) 6.80
PNRA's Earnings Yield (Greenblatt) is ranked higher than
78% of the 301 Companies
in the Global Restaurants industry.

( Industry Median: 5.70 vs. PNRA: 6.80 )
PNRA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 9.5
Current: 6.8

3.4
9.5
Forward Rate of Return (Yacktman) 23.55
PNRA's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 226 Companies
in the Global Restaurants industry.

( Industry Median: 9.37 vs. PNRA: 23.55 )
PNRA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.1   Max: 43.7
Current: 23.55

0.1
43.7

Business Description

Industry: Restaurants » Restaurants
Compare:BH, CMG, MCD, DIN, SBUX » details
Traded in other countries:ABP.Germany
Panera Bread Company, Inc. was originally organized in March 1981 as a Massachusetts corporation under the name Au Bon Pain Co., Inc. and reincorporated in Delaware in June 1988. In December 1993, the Company purchased Saint Louis Bread Company. In August 1998, it sold its Au Bon Pain Division and changed its name to Panera Bread Company. The Company is a national bakery-cafe concept with 1,652 Company-owned and franchise-operated bakery-cafe locations in 44 states, the District of Columbia, and Ontario, Canada. The Company operates under the Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Café trademark names. It operates as three business segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations. As of December 25, 2012, its Company bakery-cafe operations segment consisted of 809 Company-owned bakery-cafes, located throughout the United States and in Ontario, Canada, and its franchise operations segment consisted of 843 franchise-operated bakery-cafes, located throughout the United States and in Ontario, Canada. As of December 25, 2012, its fresh dough and other product operations segment, which supplies fresh dough and other products daily to Company-owned and franchise-operated bakery-cafes, consisted of 24 fresh dough facilities. The Company competes with numerous sources in their trade areas. Its bakery-cafes compete with food, casual dining and quick service cafes, bakeries, and restaurant retailers, including national, regional and locally-owned cafes, bakeries, and restaurants. The Company is subject to various federal, state, and local environmental regulations.
» More Articles for PNRA

Headlines

Articles On GuruFocus.com
Should McDonald’s Be Worried About This Revenue Driver? Sep 18 2014 
Panera Bread: Healthier Food Menu Should Provide Future Growth Sep 14 2014 
Panera Bread is a Buy with Minor Hiccups Sep 09 2014 
McDonald’s Tough Times Call For Smarter Strategies Aug 28 2014 
Panera Bread (PNRA) - Stock Analysis Aug 13 2014 
Should You Buy Panera Bread's Turnaround? Jul 27 2014 
Panera Bread Is On The Right Track To Future Growth Jul 11 2014 
Widely Held Guru Stocks Near 52-Week Lows Jul 02 2014 
Panera Bread – Back to a Tasty Valuation Jun 02 2014 
Guru John Hussman's Top Five Positions May 02 2014 


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