Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Panera Bread Stock Hits New 52-Week High (PNRA)

Tickers in this article: 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 (PNRA">PNRA) hit a new 52-week high Thursday as it is currently trading at $175.53, above its previous 52-week high of $175.26 with 322,658 shares traded as of 9:55 a.m. ET. Average volume has been 534,900 shares over the past 30 days.

Panera Bread has a market cap of $4.66 billion and is part of the services sector and leisure industry. Shares are up 4.1% year to date as of the close of trading on Wednesday.

Panera Bread Company, together with its subsidiaries, owns, operates, and franchises retail bakery-cafes in the United States and Canada. The company operates three business segments: Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. The company has a P/E ratio of 28.1, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Panera Bread as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Panera Bread Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.