Turnaround Strategy: Panera Bread is launching a multimillion-dollar strategy to revamp its menu, operations, and cafe decor to address stagnant sales and competition from rivals like Chipotle and Sweetgreen.
Quality Improvements: CEO Paul Carbone criticized past cost-cutting measures that hurt food quality and customer experience, and plans to reinstate popular ingredients and introduce new beverages.
Sales Goals: The company aims to grow annual sales to $7 billion by 2028 through expanded locations, improved staffing, and refreshed advertising, although IPO plans are currently on hold.
Company Background: Founded in 1987 as St. Louis Bread Company, Panera rebranded in the late 1990s and was acquired by JAB Holding Company in 2017, which remains the controlling shareholder.
Wall Street analysts forecast EATZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EATZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EATZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EATZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
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0 Sell
Current: 27.854
Low
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Current: 27.854
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
