TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer says Panera is doing very well as it continues to roll out its Panera 2.0 strategy which aims to use technology to improve the customer experience and increase ordering speed. On Tuesday, research analysts at Stifel Nicolaus downgraded shares of Panera to SELL. Cramer says the numbers Stifel used were much lower than what the company delivered in its second quarter profit report. Panera also raised the lower end of its full year earnings guidance to between $6.60 and $6.70 a share from $6.50 to $6.70 a share previously.
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