Fmr LLC Cuts Position in Panera Bread Company (PNRA)

Fmr LLC cut its position in Panera Bread Company (NASDAQ:PNRA) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 647,904 shares of the company’s stock after selling 49,839 shares during the period. Fmr LLC’s holdings in Panera Bread Company were worth $169,666,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. OppenheimerFunds Inc. raised its stake in shares of Panera Bread Company by 8.8% in the first quarter. OppenheimerFunds Inc. now owns 2,972 shares of the company’s stock worth $778,000 after buying an additional 240 shares during the last quarter. Credit Agricole S A raised its stake in shares of Panera Bread Company by 146.0% in the first quarter. Credit Agricole S A now owns 2,529 shares of the company’s stock worth $662,000 after buying an additional 1,501 shares during the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of Panera Bread Company during the first quarter worth $7,520,000. Investment House LLC raised its stake in shares of Panera Bread Company by 1,016.0% in the first quarter. Investment House LLC now owns 16,628 shares of the company’s stock worth $4,354,000 after buying an additional 15,138 shares during the last quarter. Finally, Montag & Caldwell LLC raised its stake in shares of Panera Bread Company by 0.3% in the first quarter. Montag & Caldwell LLC now owns 4,518 shares of the company’s stock worth $1,183,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Institutional Ownership by Quarter for Panera Bread Company (NASDAQ:PNRA)

Shares of Panera Bread Company (NASDAQ PNRA) traded down 0.05% during mid-day trading on Tuesday, reaching $314.49. 79,161 shares of the company traded hands. Panera Bread Company has a 52 week low of $185.69 and a 52 week high of $316.21. The firm has a 50 day moving average of $313.66 and a 200-day moving average of $258.63. The stock has a market capitalization of $7.07 billion, a PE ratio of 47.61 and a beta of 0.20.

Panera Bread Company (NASDAQ:PNRA) last announced its earnings results on Tuesday, April 25th. The company reported $1.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.84 by $0.01. The firm had revenue of $727.60 million during the quarter, compared to the consensus estimate of $717.36 million. Panera Bread Company had a return on equity of 51.13% and a net margin of 5.39%. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.56 earnings per share. On average, equities research analysts expect that Panera Bread Company will post $7.71 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on PNRA. BidaskClub upgraded shares of Panera Bread Company from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity lowered shares of Panera Bread Company from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Panera Bread Company from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Maxim Group reiterated a “hold” rating and set a $315.00 price target on shares of Panera Bread Company in a report on Tuesday, April 11th. Finally, Wells Fargo & Co lowered shares of Panera Bread Company from an “outperform” rating to a “market perform” rating in a report on Friday, April 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $274.02.

About Panera Bread Company

Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PNRA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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