Shares of Panera Bread Co. (NASDAQ:PNRA) saw unusually-high trading volume on Tuesday . Approximately 324,811 shares were traded during trading, a decline of 14% from the previous session’s volume of 375,677 shares.The stock last traded at $206.20 and had previously closed at $208.71.

Several research analysts have commented on the stock. Goldman Sachs Group Inc. raised their target price 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 report 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 target price for the company in a report on Thursday, April 14th. Jefferies Group upgraded shares of Panera Bread from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $245.00 in a report 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 target price for the company in a report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $217.92.

The firm has a market cap of $4.98 billion and a PE ratio of 34.15. The firm has a 50 day moving average price of $213.07 and a 200-day moving average price of $206.61.

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

In other Panera Bread news, SVP William Henry Jr. Simpson sold 650 shares of the company’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 transaction of $142,181.00. Following the completion of the transaction, the senior vice president now owns 4,171 shares of the company’s stock, valued at approximately $912,364.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman William W. Moreton sold 1,500 shares of the company’s 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 transaction, the chairman now directly 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 institutional investors have recently added to or reduced their stakes in PNRA. 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 worth $1,049,000 after buying an additional 308 shares during the period. Comerica Bank increased its stake in Panera Bread by 1.3% in the fourth quarter. Comerica Bank now owns 24,285 shares of the company’s stock valued at $4,553,000 after buying an additional 319 shares during the last quarter. Rhumbline Advisers increased its stake in Panera Bread by 1.2% in the fourth quarter. Rhumbline Advisers now owns 42,521 shares of the company’s stock valued at $8,282,000 after buying an additional 501 shares during the last quarter. Wells Fargo & Company MN increased its stake in Panera Bread by 0.8% in the fourth quarter. Wells Fargo & Company MN now owns 129,757 shares of the company’s stock valued at $25,276,000 after buying an additional 1,010 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake 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 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.

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