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Actionable news in PNRA: Panera Bread Company,

Panera Bread Might Mark the Beginning of the Restaurant Recession

Panera Bread Co. (PNRA) was downgraded by analysts on Tuesday, supporting fears of a mass decline in the restaurant industry.

Stifel Financial Corp. analyst Paul Westra noted that recent surveys show a decline in restaurants that could be alarming for not just the industry, but the overall market.

"Today, we adopt a bearish outlook for restaurants as we confidently believe that, at a minimum, the simultaneous -150 basis points to -200bps deceleration of restaurant industry comps across all categories during the second quarter within our...


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