World Asset Management Inc raised its position in Panera Bread Co (NASDAQ:PNRA) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 1,630 shares of the company’s stock after buying an additional 100 shares during the period. World Asset Management Inc’s holdings in Panera Bread were worth $513,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Coconut Grove Bank increased its position in shares of Panera Bread by 94.7% in the first quarter. Coconut Grove Bank now owns 555 shares of the company’s stock worth $145,000 after buying an additional 270 shares during the period. FNY Managed Accounts LLC acquired a new position in shares of Panera Bread during the first quarter worth approximately $156,000. Intrust Bank NA acquired a new position in shares of Panera Bread during the first quarter worth approximately $205,000. United Capital Financial Advisers LLC acquired a new position in shares of Panera Bread during the first quarter worth approximately $206,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Panera Bread during the first quarter worth approximately $208,000. 96.66% of the stock is owned by institutional investors.

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A number of equities analysts recently commented on PNRA shares. Zacks Investment Research raised shares of Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub raised Panera Bread from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Canaccord Genuity downgraded Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Wednesday, April 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $278.35.

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

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