Panera Bread Company (NASDAQ:PNRA) Shares Sold by CENTRAL TRUST Co
CENTRAL TRUST Co cut its stake in shares of Panera Bread Company (NASDAQ:PNRA) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,157 shares of the company’s stock after selling 44 shares during the period. CENTRAL TRUST Co’s holdings in Panera Bread were worth $364,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Coconut Grove Bank increased its position in Panera Bread by 94.7% in the first quarter. Coconut Grove Bank now owns 555 shares of the company’s stock valued at $145,000 after buying an additional 270 shares in the last quarter. FNY Managed Accounts LLC bought a new position in Panera Bread during the first quarter valued at approximately $156,000. Intrust Bank NA bought a new position in Panera Bread during the first quarter valued at approximately $205,000. United Capital Financial Advisers LLC bought a new position in Panera Bread during the first quarter valued at approximately $206,000. Finally, YHB Investment Advisors Inc. bought a new position in Panera Bread during the first quarter valued at approximately $208,000. 96.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of Panera Bread Company (NASDAQ:PNRA) opened at 314.93 on Tuesday. The company has a 50-day moving average of $314.01 and a 200-day moving average of $263.79. The firm has a market capitalization of $7.08 billion, a PE ratio of 47.67 and a beta of 0.25. Panera Bread Company has a 1-year low of $185.69 and a 1-year high of $316.21.
Panera Bread (NASDAQ:PNRA) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $1.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by $0.01. The company had revenue of $727.60 million during the quarter, compared to analysts’ expectations of $717.36 million. Panera Bread had a net margin of 5.39% and a return on equity of 51.13%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. Equities research analysts predict that Panera Bread Company will post $7.70 EPS for the current fiscal year.
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PNRA has been the topic of several recent analyst reports. UBS AG set a $265.00 price target on shares of Panera Bread and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Zacks Investment Research raised shares of Panera Bread from a “hold” rating to a “buy” rating and set a $351.00 price target on the stock in a research note on Tuesday, April 11th. BidaskClub raised shares of Panera Bread from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Maxim Group reaffirmed a “hold” rating and issued a $315.00 price target (up previously from $260.00) on shares of Panera Bread in a research note on Wednesday, April 5th. Finally, Wedbush reaffirmed a “hold” rating and issued a $315.00 price target on shares of Panera Bread in a research note on Wednesday, April 5th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Panera Bread presently has an average rating of “Hold” and a consensus target price of $273.65.
Panera Bread Company Profile
Panera Bread Company is a food service company. The Company is a national bakery-cafe concept. As of December 27, 2016, the Company operated 2,036 own and franchise-operated bakery-cafe locations in 46 states, the District of Columbia, and Ontario, Canada. It operates through three segments: Company bakery-cafe operations, franchise operations, and fresh dough and other product operations.
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