Panera Bread Co. (NASDAQ:PNRA) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday. They presently have a $202.50 price target on the stock. Vetr‘s target price would suggest a potential upside of 2.44% from the stock’s previous close.

Several other research firms have also commented on PNRA. BMO Capital Markets reiterated a “market perform” rating and set a $210.00 price objective (up from $205.00) on shares of Panera Bread in a research note on Thursday, July 28th. BTIG Research set a $240.00 price objective on Panera Bread and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Sanford C. Bernstein started coverage on Panera Bread in a research note on Thursday, May 26th. They set an “outperform” rating for the company. Credit Suisse Group AG boosted their price objective on Panera Bread from $225.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Finally, Cowen and Company set a $240.00 price objective on Panera Bread and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $229.61.

Analyst Recommendations for Panera Bread (NASDAQ:PNRA)

Shares of Panera Bread (NASDAQ:PNRA) traded up 0.05% during midday trading on Wednesday, hitting $197.68. The company had a trading volume of 528,430 shares. The company has a 50-day moving average of $213.96 and a 200-day moving average of $212.59. The company has a market capitalization of $4.66 billion, a PE ratio of 33.46 and a beta of 0.71. Panera Bread has a 12 month low of $165.17 and a 12 month high of $224.15.

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Panera Bread (NASDAQ:PNRA) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.04. The company earned $698.90 million during the quarter, compared to analysts’ expectations of $696.46 million. Panera Bread had a return on equity of 34.45% and a net margin of 5.30%. Panera Bread’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. Analysts predict that Panera Bread will post $6.69 earnings per share for the current year.

In other Panera Bread news, insider Mark D. Wooldridge sold 164 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $222.18, for a total value of $36,437.52. Following the sale, the insider now directly owns 1,461 shares in the company, valued at $324,604.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Scott G. Blair sold 228 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $218.24, for a total value of $49,758.72. The disclosure for this sale can be found here. 6.96% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of PNRA. Krilogy Financial LLC boosted its stake in Panera Bread by 8.6% in the second quarter. Krilogy Financial LLC now owns 630 shares of the company’s stock worth $134,000 after buying an additional 50 shares in the last quarter. IFP Advisors Inc raised its position in shares of Panera Bread by 3.6% in the first quarter. IFP Advisors Inc now owns 686 shares of the company’s stock valued at $141,000 after buying an additional 24 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Panera Bread during the first quarter valued at about $177,000. Tower Research Capital LLC TRC raised its position in shares of Panera Bread by 17.9% in the second quarter. Tower Research Capital LLC TRC now owns 849 shares of the company’s stock valued at $179,000 after buying an additional 129 shares during the last quarter. Finally, Rockefeller Financial Services Inc. purchased a new position in shares of Panera Bread during the second quarter valued at about $196,000. Institutional investors own 92.95% of the company’s stock.

Panera Bread Company Profile

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.

5 Day Chart for NASDAQ:PNRA

To view Vetr’s full report, visit Vetr’s official website.

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