Panera Bread Company (PNRA) saw a big move in the last trading session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $180.92 to $190.38 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company, which owns, operates, and franchises retail bakery-cafes in the United States and Canada, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
PNRA currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Oils- Field Services industry may consider better-ranked stocks like Ignite Restaurant Group, Inc. (IRG), The Wendy's Company (WEN) and Dunkin' Brands Group, Inc. (DNKN). While Ignite and Wendy’s hold a Zacks Rank #1 (Strong Buy), Dunkin’ carries a Zacks Rank #2 (Buy).
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