Wednesday, October 26, 2011

Panera blows out earnings...

Panera (PNRA) rockets up 14.4% after nailing a Q3 earnings triple play and grabbing lofty price target increases from Oppenheimer and Piper Jaffray to $150 and $156, respectively. CEO Bill Moreton says in a CC that the firm's MyPanera rewards program has been a runaway success with 8M registered users. "This is a tremendously powerful tool for us that we're just scratching the surface with."

PNRA is currently up 18 to 133.70 (a new all-time high)

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