reports
PANERA BREAD COMPANY (PNRA) SHAREHOLDER ALERT - Andrews & Springer LLC...
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Panera Bread Company (NASDAQGS: PNRA) (“Panera Bread” or the “Company”) relating to the sale of the Company to affiliates of JAB Holding Company, a European consumer goods conglomerate (“JAB”). On April 5, 2017, the two parties announced the signing of a definitive merger agreement purs...
- R.J. Hottovy
Panera's Early 2017 Trends Reinforce its Intriguing Possibilities as P...
There is no change to our $315 fair value estimate for narrow-moat Panera following its first-quarter update, which follows the announcement earlier this month it has entered into a definitive agreement to be purchased by JAB Holdings for $7.5 billion. In many ways, the first-quarter results reinforce why JAB would be interested in Panera in the first place, including industry-leading loyalty program engagement (51% of transactions) and digital sales penetration rates (26% of sales), expanding d...
INVESTOR ALERT: Brower Piven Commences an Investigation into the Propo...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Panera Bread Company (NASDAQ: PNRA) (“Panera” or the “Company”) relating to the proposed buyout of Panera by JAB Holdings B.V. Under the terms of the agreement, Panera shareholders are anticipated to receive $315.00 in cash for each share of Panera common stock held. The firm’s inv...
SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Pr...
STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Panera Bread Company (NASDAQ: PNRA) (“Panera” or the “Company”) relating to the proposed buyout of Panera by JAB Holdings B.V. Under the terms of the agreement, Panera shareholders are anticipated to receive $315.00 in cash for each share of Panera common stock held. The firm’s inv...
INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Into ...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Panera Bread Company (NASDAQ: PNRA) stock prior to April 5, 2017. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Panera Bread Company to JAB Holding Company for $315 per share. To learn more about the action and your rights, go to: http://zlk.9nl.com/panera-bread-pnra or contact Joseph E. Lev...
Panera Bread Company Shareholder Alert: Former SEC Attorney Willie Bri...
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of Panera Bread Company (“Panera”) (NASDAQ: PNRA) concerning the merger with JAB Holdings. Under the terms of the agreement, valued at approximately $7.5 billion, Panera shareholders will only receive $315 in cash per share held. If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe wo...
- R.J. Hottovy
Panera agrees to $7.5 billion buyout, sets up intriguing potential syn...
Following two days of speculation, Panera has entered into a definitive agreement to be purchased by JAB Holdings for $7.5 billion, or $315 per share. In our April 3 note, we see a number of reasons why JAB would be interested in Panera, including industry-leading loyalty program engagement (51% of transactions) and digital sales penetration rates (24% of sales), expanding delivery capabilities, a growing at-home business, and menu innovations playing into consumers' evolving views on health and...
PANERA BREAD COMPANY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announc...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of Panera Bread Company (NASDAQ GS: PNRA)? Did you purchase any of your shares prior to April 5, 2017? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Panera Bread Company (“Panera” or the “Company”) (NASDAQ GS: PNRA) regard...
- R.J. Hottovy
Panera Agrees to $7.5 Billion Buyout, Sets Up Intriguing Potential Syn...
Following two days of speculation, Panera has entered into a definitive agreement to be purchased by JAB Holdings for $7.5 billion, or $315 per share. In our April 3 note, we see a number of reasons why JAB would be interested in Panera, including industry-leading loyalty program engagement (51% of transactions) and digital sales penetration rates (24% of sales), expanding delivery capabilities, a growing at-home business, and menu innovations playing into consumers' evolving views on health and...
- R.J. Hottovy
More Restaurant Industry M&A Activity? Panera Shares Rise on Takeover ...
Shares of narrow-moat Panera are soaring on rumors that the firm is exploring potential strategic alternatives after receiving preliminary takeover interest. While it's difficult to handicap the likelihood of a transaction--and any deal would ultimately depend on CEO and founder Ron Shaich, who holds 13.4% of Panera's voting power--it's not hard to see why a suitor would be interested. In our view, Panera is one of the restaurant operators best equipped to accommodate evolving consumer expectati...
- R.J. Hottovy
Panera Remains Our Top Restaurant Investment Idea as Industry Looks to...
Heading into 2017, we believe the key question on most restaurant investors' minds is whether the industry will reach an inflection point with respect to sales trends. 2016 was a difficult year for most restaurant operators, with comparable traffic trends declining much of the year. It's difficult to pin the industry weakness on one factor, with elevated rent and healthcare costs, the wide gap between the food at home (grocery store) and food away from home (restaurant) CPI spread (which stands ...
- R.J. Hottovy
Narrow-moat Panera's 2.0 efforts improve its competitive position and ...
With comps at company-owned locations continuing to outpace the industry in the third quarter (3.4% growth versus 1%-2% declines across much of the industry) and the company increasingly finding ways to reach customers outside its restaurants (digital ordering, delivery, catering, and at-home products), narrow-moat Panera continues to redefine what a limited-service restaurant concept should look like. More important, with much of the investment for its Panera 2.0 technology and operational impr...
- R.J. Hottovy
The Market Is Not Giving Panera Enough Credit for Its Ability to Weath...
With comps at company-owned locations continuing to outpace the industry in the third quarter (3.4% growth versus 1%-2% declines across much of the industry) and the company increasingly finding ways to reach customers outside its restaurants (digital ordering, delivery, catering, and at-home products), narrow-moat Panera continues to redefine what a limited-service restaurant concept should look like. More important, with much of the investment for its Panera 2.0 technology and operational impr...
- R.J. Hottovy
Panera 2.0 Efforts Give Us Confidence in Brand's Ability to Drive Traf...
On the surface, there appears to be challenging times ahead for restaurant operators, with year-over-over traffic declines across much of the industry and rising labor costs on the horizon. However, we believe it would be shortsighted for investors to overlook this category, as there are several operators redefining the way consumer discretionary companies adapt to constantly evolving consumer expectations of value, convenience, health, and technology. To this end, we've been impressed by Panera...
- R.J. Hottovy
Narrow moat Panera's 2.0 efforts improve its competitive position and ...
Much of the commentary from restaurant management teams during second-quarter reporting season has focused on slowing industry traffic, but Panera bucked the trend with company-owned comps of 4.2% (6.6% on two-year basis). We believe these trends--which are slowing modestly heading into the third quarter with quarter-to-date comps of 3.1%, still well ahead of industry averages--indicate that Panera has developed one of the most effective blueprints for what a modern restaurant concept should loo...
- R.J. Hottovy
Panera's 2.0 enhancements bolster its competitive position and unlock ...
Much of the commentary from restaurant management teams during second-quarter reporting season has focused on slowing industry traffic, but Panera bucked the trend with company-owned comps of 4.2% (6.6% on two-year basis). We believe these trends--which are slowing modestly heading into the third quarter with quarter-to-date comps of 3.1%, still well ahead of industry averages--indicate that Panera has developed one of the most effective blueprints for what a modern restaurant concept should loo...
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