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

Several research analysts have issued reports on PNRA shares. Goldman Sachs Group Inc. raised their price target on shares of Panera Bread from $183.00 to $196.00 and gave the stock a “hold” rating in a report on Thursday, March 31st. Evercore ISI assumed coverage on shares of Panera Bread in a research note on Monday, April 4th. They issued a “hold” rating for the company. Vetr upgraded shares of Panera Bread from a “sell” rating to a “hold” rating and set a $200.00 price objective for the company in a research note on Thursday, April 14th. Jefferies Group upgraded shares of Panera Bread from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $245.00 in a research note on Tuesday, April 19th. Finally, KeyCorp upgraded shares of Panera Bread from a “sector weight” rating to an “overweight” rating and set a $240.00 price objective for the company in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $218.37.

The company has a market cap of $5.03 billion and a P/E ratio of 34.46. The firm has a 50-day moving average price of $213.54 and a 200 day moving average price of $206.36.

Panera Bread (NASDAQ:PNRA) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.56 earnings per share (EPS) 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 period in the previous year, the firm earned $1.41 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Panera Bread Co. will post $6.69 earnings per share for the current fiscal year.

In other Panera Bread news, CEO Ronald M. Shaich sold 20,006 shares of Panera Bread stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $215.09, for a total value of $4,303,090.54. Following the sale, the chief executive officer now owns 93,374 shares of the company’s stock, valued at approximately $20,083,813.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman William W. Moreton sold 1,500 shares of Panera Bread stock in a transaction that occurred on Monday, June 20th. The stock was 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 directly owns 14,656 shares in the company, valued at approximately $3,111,908.48. The disclosure for this sale can be found here.

Other institutional investors recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its position in 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 in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in 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 in the last quarter. PNC Financial Services Group Inc. increased its position in 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 in the last quarter. Quantitative Investment Management LLC increased its position in 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 in the last quarter. Finally, Marshall Wace LLP increased its position in 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 in 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.

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