Panera Bread Co (PNRA) Given Consensus Recommendation of “Hold” by Analysts
Shares of Panera Bread Co (NASDAQ:PNRA) have been given a consensus rating of “Hold” by the twenty-four ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $289.88.
A number of research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. BidaskClub cut shares of Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective on the stock in a report on Tuesday, July 4th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new stake in Panera Bread in the first quarter valued at approximately $156,000. Krilogy Financial LLC raised its stake in Panera Bread by 13.2% in the second quarter. Krilogy Financial LLC now owns 601 shares of the company’s stock valued at $189,000 after buying an additional 70 shares during the period. BT Investment Management Ltd bought a new stake in Panera Bread in the second quarter valued at approximately $203,000. United Capital Financial Advisers LLC bought a new stake in Panera Bread in the first quarter valued at approximately $206,000. Finally, YHB Investment Advisors Inc. bought a new stake in Panera Bread in the first quarter valued at approximately $208,000. Institutional investors and hedge funds own 96.66% of the company’s stock.
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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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