Colonial Trust Advisors Buys 496 Shares of Panera Bread Co (PNRA)
Colonial Trust Advisors increased its stake in shares of Panera Bread Co (NASDAQ:PNRA) by 46.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,568 shares of the company’s stock after buying an additional 496 shares during the quarter. Colonial Trust Advisors’ holdings in Panera Bread were worth $493,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of PNRA. Oxford Asset Management bought a new position in Panera Bread during the 1st quarter worth $978,000. JPMorgan Chase & Co. grew its stake in shares of Panera Bread by 140.4% in the first quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock worth $12,184,000 after purchasing an additional 27,171 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Panera Bread by 12.1% in the first quarter. Stifel Financial Corp now owns 2,521 shares of the company’s stock worth $662,000 after purchasing an additional 272 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Panera Bread by 178.8% in the first quarter. SG Americas Securities LLC now owns 3,942 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,528 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Panera Bread in the first quarter worth $225,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.
Several research analysts have recently issued reports on PNRA shares. BidaskClub cut Panera Bread from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price target for the company in a research note on Tuesday, July 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $279.27.
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Panera Bread Profile
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.
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