Today The Panera Bread Company (PNRA) Shares Sold by Essex Investment Management Co. LLC

Today The Panera Bread Company (PNRA) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC reduced its stake in shares of Panera Bread Company (NASDAQ:PNRA) by 0.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,633 shares of the company’s stock after selling 8 shares during the period. Essex Investment Management Co. LLC’s holdings in Panera Bread Company were worth $2,070,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PNRA. Krilogy Financial LLC boosted its position in shares of Panera Bread Company by 8.6% in the second quarter. Krilogy Financial LLC now owns 630 shares of the company’s stock valued at $134,000 after buying an additional 50 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Panera Bread Company by 8.6% in the second quarter. IFP Advisors Inc now owns 745 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Panera Bread Company by 17.9% in the second quarter. Tower Research Capital LLC TRC now owns 849 shares of the company’s stock valued at $179,000 after buying an additional 129 shares during the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Panera Bread Company during the second quarter valued at about $205,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Panera Bread Company by 10.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 994 shares of the company’s stock valued at $211,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

Shares of Panera Bread Company (NASDAQ:PNRA) opened at 213.55 on Wednesday. The stock has a market capitalization of $4.97 billion, a P/E ratio of 35.51 and a beta of 0.33. The firm’s 50-day moving average price is $211.64 and its 200-day moving average price is $207.51. Panera Bread Company has a 52-week low of $182.64 and a 52-week high of $224.15.

Several brokerages have recently issued reports on PNRA. Vetr upgraded Panera Bread Company from a “hold” rating to a “buy” rating and set a $214.00 price objective for the company in a research note on Monday, January 2nd. Zacks Investment Research cut Panera Bread Company from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $250.00 price objective on shares of Panera Bread Company in a research note on Wednesday, December 7th. Canaccord Genuity reiterated a “buy” rating and issued a $255.00 price objective on shares of Panera Bread Company in a research note on Friday, December 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $250.00 price objective on shares of Panera Bread Company in a research note on Thursday, October 27th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. Panera Bread Company has a consensus rating of “Buy” and an average price target of $233.67.

In related news, SVP Scott G. Blair sold 204 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 5,752 shares in the company, valued at $1,069,872. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.96% of the stock is owned by insiders.

Panera Bread Company Company Profile

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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