Panera Bread Co (PNRA) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of Panera Bread Co (NASDAQ:PNRA) by 88.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,608 shares of the company’s stock after selling 109,516 shares during the period. Prudential Financial Inc.’s holdings in Panera Bread were worth $4,282,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Parsons Capital Management Inc. RI boosted its position in shares of Panera Bread by 0.4% during the 1st quarter. Parsons Capital Management Inc. RI now owns 1,274 shares of the company’s stock valued at $334,000 after purchasing an additional 5 shares in the last quarter. Montag & Caldwell LLC boosted its position in shares of Panera Bread by 0.3% during the 1st quarter. Montag & Caldwell LLC now owns 4,518 shares of the company’s stock valued at $1,183,000 after purchasing an additional 13 shares in the last quarter. US Bancorp DE boosted its position in shares of Panera Bread by 0.3% during the 2nd quarter. US Bancorp DE now owns 5,283 shares of the company’s stock valued at $1,663,000 after purchasing an additional 14 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Panera Bread by 3.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,441 shares of the company’s stock valued at $377,000 after purchasing an additional 54 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Panera Bread by 2.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,550 shares of the company’s stock valued at $930,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 96.66% of the company’s stock.

Several equities research analysts recently commented on PNRA shares. BidaskClub lowered Panera Bread from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. 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 research report on Tuesday, July 4th. Finally, Sanford C. Bernstein restated 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 assigned a buy rating to the company. Panera Bread presently has an average rating of “Hold” and a consensus price target of $279.27.

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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.

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

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