Panera Bread May Be Overdone

After the close today, Panera Bread (PNRA) reports third quarter fiscal year 2013 results. The Street is expecting the company to earn $1.35 on $583.95 million in revenue. While I would be amazed if the company were to hit that figure, I am wondering if the stock is washed out enough to jump back in.

The shares of Panera Bread are virtually unchanged on a year-to-date basis. Panera's trouble began back in July when it reported a horrible second quarter. It seemed like the whole fast casual dining business hit the skids in the second quarter as consumers pulled back on eating out. Panera missed the top line number and guided below expectations. Other names like Brinker (EAT) and Darden (DRI) have had a choppy year as well....331 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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