Shares in Panera Bread soared nearly 8% Monday after Bloomberg reported the bakery chain is considering a sale.
Panera stock was up $20.76 to close at $282.63. The company’s shares are up nearly 38% this year.
Bloomberg says potential buyers include Starbucks, Domino’s Pizza and JAB Holding Company. JAB is a private equity firm that owns numerous brands including Krispy Kreme Doughnuts, Keurig, Peet’s Coffee & Tea and Jimmy Choo.
Panera operates over 2,000 bakery-cafes in 46 states and Ontario, Canada under the flagship Panera Bread, St. Louis Bread Co. and Paradise Bakery & Cafe.
The chain is known for its fresh bread, sandwiches, soups and salads.