State of Alaska Department of Revenue increased its position in Panera Bread Co (NASDAQ:PNRA) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 32,819 shares of the company’s stock after buying an additional 1,587 shares during the period. State of Alaska Department of Revenue owned about 0.14% of Panera Bread worth $8,594,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its stake in Panera Bread by 34.8% in the first quarter. Huntington National Bank now owns 3,430 shares of the company’s stock worth $898,000 after buying an additional 885 shares in the last quarter. Howland Capital Management LLC bought a new stake in Panera Bread during the first quarter worth about $262,000. Capstone Asset Management Co. increased its stake in Panera Bread by 4.3% in the first quarter. Capstone Asset Management Co. now owns 2,814 shares of the company’s stock worth $737,000 after buying an additional 116 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Panera Bread by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,780 shares of the company’s stock worth $466,000 after buying an additional 5 shares in the last quarter. Finally, Renaissance Investment Group LLC increased its stake in Panera Bread by 2.6% in the first quarter. Renaissance Investment Group LLC now owns 1,185 shares of the company’s stock worth $310,000 after buying an additional 30 shares in the last quarter. 93.32% of the stock is owned by institutional investors.
Panera Bread Co (NASDAQ:PNRA) traded down 0.18% during midday trading on Thursday, reaching $314.40. 464,929 shares of the company traded hands. The stock has a market capitalization of $7.12 billion, a P/E ratio of 50.87 and a beta of 0.31. The company has a 50 day moving average price of $263.84 and a 200-day moving average price of $222.88. Panera Bread Co has a one year low of $185.69 and a one year high of $316.21.
Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.05. Panera Bread had a net margin of 5.21% and a return on equity of 42.93%. The firm had revenue of $727.11 million for the quarter, compared to the consensus estimate of $727.75 million. During the same quarter in the previous year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Panera Bread Co will post $7.73 EPS for the current fiscal year.
A number of research firms have recently issued reports on PNRA. Zacks Investment Research downgraded shares of Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday. Maxim Group reiterated a “hold” rating and issued a $315.00 target price on shares of Panera Bread in a research report on Tuesday, April 11th. Wells Fargo & Co cut shares of Panera Bread from an “outperform” rating to a “market perform” rating in a research report on Friday, April 7th. BTIG Research cut shares of Panera Bread from a “buy” rating to a “neutral” rating in a research report on Thursday, April 6th. Finally, Royal Bank of Canada cut shares of Panera Bread from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $255.00 to $315.00 in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Panera Bread has an average rating of “Hold” and an average target price of $271.87.
Panera Bread Company 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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