Panera Bread Co. (NASDAQ: PNRA) is a national bakery café engaged in high quality, reasonably priced food in a warm, inviting and comfortable environment. The company’s shares continue to rise in after-hours trading, hitting $149.30 or 1.62 percent, on second quarter sales increase.

Despite the company reported a dip in second quarter earnings, 4 percent dropped, compared to the previous year’s period, Panera’s shares continues to trade hands slightly higher as shareholders were impressed on the increase in sales growth.

Source: Panera Bread Co.

Per the Q2 2014 financial results, Panera reported a total revenue of $631 million, an increase of 7 percent compared to the year earlier. Net income was reported of $49 million or $1.82 per diluted share.

Shares of Panera are trading in a range of $144.25 to $148.14. The 52-week range of the stock is $142.41 to $193.18 PS. The company has a market cap of $4.03 billion with a P/E ratio of 21.78.

Read More at  Retail Investor 360