- Shares of Panera Bread (NASDAQ:PNRA) are on watch after Wedbush suggests the company is ripe to see an activist investor or two step up to push for changes.
- A heavy rate of upper management turnover and some confusion over strategy has held back shares to a valuation below that of slower-growing peers.
- Panera is -1.8% over the last 52 weeks.
- Though the company has made a hard commitment to Panera 2.0 (digital innovation), a heavyweight activist could shift the focus to buybacks, dividends, and franchisee mix.