Zurcher Kantonalbank Zurich Cantonalbank Has $262,000 Position in Panera Bread Co (PNRA)
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Panera Bread Co (NASDAQ:PNRA) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 834 shares of the company’s stock after purchasing an additional 65 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Panera Bread were worth $262,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in PNRA. BlackRock Inc. boosted its position in Panera Bread by 13,517.9% during the 1st quarter. BlackRock Inc. now owns 1,758,482 shares of the company’s stock valued at $460,494,000 after purchasing an additional 1,745,569 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Panera Bread during the 1st quarter valued at approximately $167,317,000. Gabelli Funds LLC boosted its position in Panera Bread by 2,235.3% during the 2nd quarter. Gabelli Funds LLC now owns 284,905 shares of the company’s stock valued at $89,643,000 after purchasing an additional 272,705 shares during the period. Gamco Investors INC. ET AL boosted its position in Panera Bread by 14,667.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 212,800 shares of the company’s stock valued at $66,955,000 after purchasing an additional 211,359 shares during the period. Finally, SG Americas Securities LLC boosted its position in Panera Bread by 3,330.6% during the 2nd quarter. SG Americas Securities LLC now owns 135,234 shares of the company’s stock valued at $42,550,000 after purchasing an additional 131,292 shares during the period. Institutional investors and hedge funds own 96.66% of the company’s stock.
A number of research firms recently issued reports on PNRA. Sanford C. Bernstein restated an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. BidaskClub lowered Panera Bread from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective for the company in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $279.27.
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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