GSA Capital Partners LLP Invests $2.23 Million in Panera Bread Co (PNRA)

GSA Capital Partners LLP purchased a new position in Panera Bread Co (NASDAQ:PNRA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,076 shares of the company’s stock, valued at approximately $2,226,000.

Other large investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Panera Bread by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 21,159 shares of the company’s stock worth $6,657,000 after purchasing an additional 1,835 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Panera Bread by 140.4% in the 1st quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock worth $12,184,000 after purchasing an additional 27,171 shares during the last quarter. Investment House LLC boosted its position in shares of Panera Bread by 1,016.0% in the 1st quarter. Investment House LLC now owns 16,628 shares of the company’s stock worth $4,354,000 after purchasing an additional 15,138 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Panera Bread by 35.8% in the 2nd quarter. First Trust Advisors LP now owns 18,333 shares of the company’s stock worth $5,768,000 after purchasing an additional 4,834 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of Panera Bread in the 2nd quarter worth $11,465,000. Institutional investors and hedge funds own 96.66% of the company’s stock.

PNRA has been the topic of several recent research reports. Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub upgraded Panera Bread from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Panera Bread in a 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 assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $279.27.

TRADEMARK VIOLATION NOTICE: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2017/09/21/gsa-capital-partners-llp-invests-2-23-million-in-panera-bread-co-pnra.html.

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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