Today, Fool.com contributors Chris Bledsoe and Austin Smith look at one stock Warren Buffett could love: Panera Bread. The company has had an enviable earnings growth rate over the past seven years, a very strong balance sheet, and a relatively large proportion of inside ownership. But for all there is to love, there are risks as well. For one thing, the company trades for a rich earnings multiple compared with many of its peers.
The company is, however, firing on all cylinders at this point, so its recent performance would seem to justify the premium multiple. More so than other companies, Panera has also been able to pass on price increases, which bodes well for investors today.
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