Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of scrumptious restaurant chain Panera Bread (Nasdaq: PNRA) were cooking today, jumping 17% after the company released earnings and outlook that topped expectations.

So what: In the fourth quarter, earnings reached $1.21 per share from $0.95 last year, topping estimates of $1.18 by analysts. The company expects earnings to be as much as $4.45 next year, up from a previous estimate of $4.35.

Now what: Panera and Chipotle Mexican Grill (NYSE: CMG) both reported outstanding earnings yesterday as they continue to prove high-quality food will keep the customers coming. Both stocks are a bit on the expensive side with Panera trading at 26.3 times next year's earnings estimate, but they both seem to be worth it. I am going to stick with this Motley Fool Stock Advisor pick and think Panera will continue to serve up outstanding results. Speaking of, Panera Bread sounds great right now.

Interested in more info on Panera Bread? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Chipotle Mexican Grill is a Motley Fool Rule Breakers choice. Panera Bread is a Motley Fool Stock Advisor selection. Chipotle Mexican Grill is a Motley Fool Hidden Gems recommendation. The Fool owns shares of Chipotle Mexican Grill. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.