Panera Bread Co. (NASDAQ:PNRA) fell 2% during mid-day trading on Friday . The company traded as low as $211.02 and last traded at $211.02, with a volume of 156,923 shares. The stock had previously closed at $215.32.

A number of brokerages have issued reports on PNRA. Zacks Investment Research downgraded shares of Panera Bread from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Vetr downgraded shares of Panera Bread from a “buy” rating to a “hold” rating and set a $226.59 price objective on the stock. in a research note on Monday, May 30th. Telsey Advisory Group increased their price objective on shares of Panera Bread from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, May 2nd. BMO Capital Markets reissued a “hold” rating on shares of Panera Bread in a report on Thursday, April 28th. Finally, Jefferies Group raised shares of Panera Bread from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $245.00 in a report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. Panera Bread currently has an average rating of “Buy” and a consensus target price of $218.37.

The firm has a market capitalization of $5.03 billion and a price-to-earnings ratio of 34.46. The stock’s 50 day moving average is $213.54 and its 200-day moving average is $206.36.

Panera Bread (NASDAQ:PNRA) last released its earnings results on Tuesday, April 26th. The company reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.06. The firm earned $685.10 million during the quarter, compared to the consensus estimate of $674.12 million. During the same quarter in the previous year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts forecast that Panera Bread Co. will post $6.69 earnings per share for the current year.

In other Panera Bread news, SVP William Henry Jr. Simpson sold 650 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $218.74, for a total value of $142,181.00. Following the completion of the sale, the senior vice president now owns 4,171 shares in the company, valued at $912,364.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William W. Moreton sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $212.33, for a total value of $318,495.00. Following the completion of the sale, the chairman now owns 14,656 shares of the company’s stock, valued at approximately $3,111,908.48. The disclosure for this sale can be found here.

A number of hedge funds recently made changes to their positions in PNRA. GSA Capital Partners LLP increased its stake in shares of Panera Bread by 39.1% in the fourth quarter. GSA Capital Partners LLP now owns 5,180 shares of the company’s stock valued at $1,009,000 after buying an additional 1,455 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Panera Bread by 6.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 5,384 shares of the company’s stock valued at $1,049,000 after buying an additional 308 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Panera Bread by 26.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,238 shares of the company’s stock valued at $1,215,000 after buying an additional 1,323 shares during the last quarter. Quantitative Investment Management LLC increased its stake in shares of Panera Bread by 542.1% in the fourth quarter. Quantitative Investment Management LLC now owns 12,200 shares of the company’s stock valued at $2,376,000 after buying an additional 10,300 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Panera Bread by 102.3% in the fourth quarter. Marshall Wace LLP now owns 13,074 shares of the company’s stock valued at $2,546,000 after buying an additional 6,612 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.