US Bancorp DE raised its position in Panera Bread Co (NASDAQ:PNRA) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 5,283 shares of the company’s stock after buying an additional 14 shares during the period. US Bancorp DE’s holdings in Panera Bread were worth $1,663,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. 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 during the last quarter. FNY Managed Accounts LLC purchased a new position in Panera Bread during the first quarter valued at approximately $156,000. Intrust Bank NA purchased a new position in Panera Bread during the first quarter valued at approximately $205,000. United Capital Financial Advisers LLC purchased a new position in Panera Bread during the first quarter valued at approximately $206,000. Finally, YHB Investment Advisors Inc. purchased a new position in Panera Bread during the first quarter valued at approximately $208,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.

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Several equities analysts recently commented on the company. BidaskClub downgraded Panera Bread from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective on the stock in a research note on Tuesday, July 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. Canaccord Genuity downgraded Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Wednesday, April 26th. Finally, Maxim Group reiterated a “hold” rating and issued a $315.00 price objective on shares of Panera Bread in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $278.35.

About Panera Bread

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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Institutional Ownership by Quarter for Panera Bread (NASDAQ:PNRA)

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