Panera Bread Co. (NASDAQ:PNRA)’s share price fell 3.6% during mid-day trading on Tuesday . The stock traded as low as $207.73 and last traded at $209.24, with a volume of 800,701 shares trading hands. The stock had previously closed at $216.99.

Several brokerages recently issued reports on PNRA. Zacks Investment Research lowered shares of Panera Bread from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. Vetr lowered shares of Panera Bread from a “buy” rating to a “hold” rating and set a $226.59 price objective on the stock. in a report on Monday, May 30th. Telsey Advisory Group lifted their price objective on shares of Panera Bread from $225.00 to $250.00 and gave the company an “outperform” rating in a report 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 lifted their price objective for the company from $195.00 to $245.00 in a report on Tuesday, April 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Panera Bread currently has a consensus rating of “Buy” and an average price target of $220.05.

The stock has a market capitalization of $5.00 billion and a price-to-earnings ratio of 34.30. The firm has a 50-day moving average price of $212.32 and a 200 day moving average price of $207.32.

Panera Bread (NASDAQ:PNRA) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.74 by $0.04. The firm had revenue of $698.90 million for the quarter, compared to the consensus estimate of $696.46 million. During the same quarter in the prior year, the company posted $1.61 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts expect that Panera Bread Co. will post $6.68 EPS for the current year.

In other news, CEO Ronald M. Shaich sold 20,006 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $215.09, for a total transaction of $4,303,090.54. Following the completion of the transaction, the chief executive officer now owns 93,374 shares in the company, valued at $20,083,813.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William W. Moreton sold 1,500 shares of the company’s stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $212.33, for a total transaction of $318,495.00. Following the transaction, 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.

Other institutional investors recently made changes to their positions in the company. GSA Capital Partners LLP raised its position 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 worth $1,009,000 after buying an additional 1,455 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position 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 worth $1,049,000 after buying an additional 308 shares in the last quarter. PNC Financial Services Group Inc. raised its position 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 worth $1,215,000 after buying an additional 1,323 shares in the last quarter. Marshall Wace LLP raised its position 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 worth $2,546,000 after buying an additional 6,612 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in shares of Panera Bread by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 15,735 shares of the company’s stock worth $3,065,000 after buying an additional 5,338 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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