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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.

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This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.