Panera Bread Company (PNRA) Shares Bought by Chicago Equity Partners LLC
Chicago Equity Partners LLC boosted its position in Panera Bread Company (NASDAQ:PNRA) by 28.6% during the third quarter, Holdings Channel reports. The institutional investor owned 8,010 shares of the company’s stock after buying an additional 1,780 shares during the period. Chicago Equity Partners LLC’s holdings in Panera Bread Company were worth $1,560,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its position in Panera Bread Company by 40.0% in the second quarter. FMR LLC now owns 1,003,927 shares of the company’s stock worth $212,772,000 after buying an additional 286,619 shares in the last quarter. BlackRock Fund Advisors raised its position in Panera Bread Company by 3.4% in the second quarter. BlackRock Fund Advisors now owns 808,722 shares of the company’s stock worth $171,401,000 after buying an additional 26,615 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Panera Bread Company by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 676,826 shares of the company’s stock worth $143,447,000 after buying an additional 5,073 shares in the last quarter. Columbus Circle Investors raised its position in Panera Bread Company by 985.5% in the second quarter. Columbus Circle Investors now owns 409,650 shares of the company’s stock worth $86,821,000 after buying an additional 371,910 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Panera Bread Company by 2,177.7% in the second quarter. Alliancebernstein L.P. now owns 384,637 shares of the company’s stock worth $81,520,000 after buying an additional 367,750 shares in the last quarter. 94.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Panera Bread Company (NASDAQ:PNRA) opened at 213.34 on Friday. The firm has a 50-day moving average of $211.51 and a 200 day moving average of $207.27. Panera Bread Company has a 12-month low of $178.99 and a 12-month high of $224.15. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 35.47 and a beta of 0.33.
Panera Bread Company (NASDAQ:PNRA) last issued its earnings results on Tuesday, October 25th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.34 by $0.03. The company earned $684.20 million during the quarter, compared to analysts’ expectations of $682.04 million. Panera Bread Company had a net margin of 5.24% and a return on equity of 39.44%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 EPS. On average, equities research analysts expect that Panera Bread Company will post $6.71 earnings per share for the current year.
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A number of research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $240.00 price objective on shares of Panera Bread Company in a research report on Wednesday, October 26th. Zacks Investment Research lowered shares of Panera Bread Company from a “hold” rating to a “sell” rating in a research report on Thursday, January 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Panera Bread Company in a research report on Thursday, October 27th. Vetr lowered shares of Panera Bread Company from a “buy” rating to a “hold” rating and set a $214.00 price objective for the company. in a research report on Tuesday, December 27th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Panera Bread Company in a research report on Wednesday, December 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $232.38.
In other news, SVP Scott G. Blair sold 204 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $186.00, for a total value of $37,944.00. Following the completion of the transaction, the senior vice president now directly owns 5,752 shares in the company, valued at approximately $1,069,872. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.96% of the stock is currently owned by insiders.
About Panera Bread Company
Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with approximately 1,970 Company-owned and franchise-operated bakery-cafe locations in over 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations.
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