Sandy Spring Bank Has $1,988,000 Stake in Panera Bread Co. (PNRA)
Sandy Spring Bank boosted its position in Panera Bread Co. (NASDAQ:PNRA) by 0.4% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,210 shares of the company’s stock after buying an additional 40 shares during the period. Sandy Spring Bank’s holdings in Panera Bread were worth $1,988,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Calvert Investment Management Inc. boosted its position in Panera Bread by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 1,411 shares of the company’s stock valued at $299,000 after buying an additional 5 shares during the last quarter. Leavell Investment Management Inc. boosted its position in Panera Bread by 0.3% in the third quarter. Leavell Investment Management Inc. now owns 2,397 shares of the company’s stock valued at $467,000 after buying an additional 7 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in Panera Bread by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 1,822 shares of the company’s stock valued at $386,000 after buying an additional 22 shares during the last quarter. Krilogy Financial LLC boosted its position in Panera Bread by 8.6% in the second quarter. Krilogy Financial LLC now owns 630 shares of the company’s stock valued at $134,000 after buying an additional 50 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Panera Bread by 8.6% in the second quarter. IFP Advisors Inc now owns 745 shares of the company’s stock valued at $158,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.
Panera Bread Co. (NASDAQ:PNRA) traded down 0.16% during mid-day trading on Tuesday, reaching $211.84. The company had a trading volume of 345,798 shares. The firm has a market capitalization of $4.93 billion, a P/E ratio of 35.22 and a beta of 0.27. Panera Bread Co. has a one year low of $178.99 and a one year high of $224.15. The firm’s 50-day moving average is $198.33 and its 200-day moving average is $207.93.
Panera Bread (NASDAQ:PNRA) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.03. Panera Bread had a return on equity of 39.44% and a net margin of 5.24%. The business earned $684.20 million during the quarter, compared to analyst estimates of $682.04 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. Panera Bread’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Panera Bread Co. will post $6.71 earnings per share for the current fiscal year.
PNRA has been the subject of several research analyst reports. BTIG Research reiterated a “buy” rating and set a $240.00 target price on shares of Panera Bread in a research note on Wednesday, October 26th. Vetr raised shares of Panera Bread from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Robert W. Baird reissued an “outperform” rating on shares of Panera Bread in a report on Thursday, September 8th. Morgan Stanley reissued an “overweight” rating and issued a $250.00 price target on shares of Panera Bread in a report on Thursday, October 27th. Finally, Wedbush reissued an “outperform” rating and issued a $220.00 price target (down previously from $250.00) on shares of Panera Bread in a report on Saturday, October 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $233.33.
In other Panera Bread news, SVP Scott G. Blair sold 204 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $186.00, for a total transaction of $37,944.00. Following the completion of the sale, the senior vice president now owns 5,752 shares of the company’s stock, valued at $1,069,872. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.96% 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.
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