Panera Bread Co (NASDAQ:PNRA) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, July 6th.

Other analysts have also recently issued reports about the stock. UBS AG set a $265.00 price target on shares of Panera Bread and gave the company a “buy” rating in a research note on Tuesday, April 4th. William Blair cut shares of Panera Bread from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 5th. Royal Bank Of Canada cut shares of Panera Bread from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $255.00 to $315.00 in a research note on Thursday, April 6th. Sanford C. Bernstein restated an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. Finally, Piper Jaffray Companies cut shares of Panera Bread from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company. Panera Bread presently has a consensus rating of “Hold” and a consensus target price of $278.35.

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Several institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. raised its position in Panera Bread by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,780 shares of the company’s stock valued at $466,000 after buying an additional 5 shares in the last quarter. Parsons Capital Management Inc. RI raised its position in Panera Bread by 0.4% in the first quarter. Parsons Capital Management Inc. RI now owns 1,274 shares of the company’s stock valued at $334,000 after buying an additional 5 shares in the last quarter. Montag & Caldwell LLC raised its position in Panera Bread by 0.3% in the first quarter. Montag & Caldwell LLC now owns 4,518 shares of the company’s stock valued at $1,183,000 after buying an additional 13 shares in the last quarter. US Bancorp DE raised its position in Panera Bread by 0.3% in the second quarter. US Bancorp DE now owns 5,283 shares of the company’s stock valued at $1,663,000 after buying an additional 14 shares in the last quarter. Finally, Renaissance Investment Group LLC raised its position in Panera Bread by 2.6% in the first quarter. Renaissance Investment Group LLC now owns 1,185 shares of the company’s stock valued at $310,000 after buying an additional 30 shares in the last quarter. 96.66% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Panera Bread (NASDAQ:PNRA)

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