Panera Bread (PNRA) was up almost 8% today on takeover talk.

Panera Bread’s stock is up 37.81% year to date compared to the S&P 500, which is up only 5.36% year to date, as a comparison.

The word on the Street is that the deal could be for $7 billion, which would value Panera Bread at $300/share.

Panera Bread closed at $282 today. Earlier in the day, it a high of $292.

Who are the possible suitors?

* Starbucks (SBUX) – they declined to comment
* Dominos (DPZ) – they have denied interest in buying out PNRA
* McDonald’s (MCD)
* JAB Holdings – this company owns Peets Coffee, Krispy Kreme, Keurig Green Mountain, among others.

There have been three restaurant chains bought out already in 2017.

1. On February 21st, Restaurant Brands International (QSR) bought Popeye’s Louisiana Kitchen (PLKI) for $18. billion.

2. On March 23rd, Oak Hill Capital bought Checkers Drive-In Restaurants for $525 million.

3. On March 27th, Darden Restaurants (DRI) bought privately held Cheddar’s Scratch Kitchen for $780 million.

» Subscribe to TwinsTalkStocks: http://bit.ly/SDTTS

About TwinsTalkStocks: Join 9 year old twins, Devin Kalel and Ashay Jorel, as they talk about the stock market. Whether you want to save up for college, buy a new car, make a down payment on a house, save up for a vacation, or just make some extra money to pay some bills, Twins Talk Stocks can help you!

Connect with TwinsTalkStocks Online

Website: http://www.twinstalkstocks.com
Facebook: https://www.facebook.com/twinstalkstocks/
Instagram: https://www.instagram.com/twinstalkstocks/
Pinterest: https://www.pinterest.com/twinstalkstocks/
Venmo: https://venmo.com/TwinsTalkStocks

» Subscribe to TwinsTalk Stocks: http://bit.ly/SDTTS

About TwinsTalkStocks: Join 9 year old twins, Devin Kalel and Ashay Jorel, as they talk about the stock market. Whether you want to save up for college, buy a new car, make a down payment on a house, save up for a vacation, or just make some extra money to pay some bills, Twins Talk Stocks can help you!

Connect with TwinsTalkStocks Online

Website: http://www.twinstalkstocks.com
Facebook: https://www.facebook.com/twinstalkstocks/
Instagram: https://www.instagram.com/twinstalkstocks/
Pinterest: https://www.pinterest.com/twinstalkstocks/
Venmo: https://venmo.com/TwinsTalkStocks

Leave a Reply

Your email address will not be published. Required fields are marked *

*