Panera Stock Was a 100-Bagger Before It Went Private in 2017. It Could Go Public Again in 2024.
Panera has confidentially filed to go public, according to sources for the Financial Times. Seasoned investors may be excited, remembering the company's previous track record as a public company. From mid-1999 through its acquisition by investment group JAB in mid-2017, Panera stock was a rare 100-bagger, turning every $10,000 investment into $1 million.
As Panera prepares to possibly go public in 2024, here's what investors can and can't know right now.
In 2017, Panera Bread was acquired by JAB Holding Company -- an investment group that apparently really likes bread, coffee, and tea. Before acquiring Panera, it had already built a portfolio of restaurant brands, including Krispy Kreme Doughnuts (NASDAQ: DNUT), Peet's Coffee and Tea, Einstein Bros. Bagels, and more.
Source Fool.com
