Panera may be restarting buybacks
Panera may have restarted buybacks in the third quarter given the recent decline in the stock price, according to Nick Setyan of Wedbush Securities Inc. He said that Panera's average closing stock price was $115.77 in the third quarter compared with $122.15 in the second quarter.
Panera Bread will be opening a new store in North Ridgeville, featuring a drive-thru.