Canada Pension Plan Investment Board boosted its position in shares of Panera Bread Co (NASDAQ:PNRA) by 903,000.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,310 shares of the company’s stock after buying an additional 90,300 shares during the period. Canada Pension Plan Investment Board’s holdings in Panera Bread were worth $28,415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Panera Bread by 13,517.9% in the first quarter. BlackRock Inc. now owns 1,758,482 shares of the company’s stock worth $460,494,000 after buying an additional 1,745,569 shares during the period. Vanguard Group Inc. raised its position in Panera Bread by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,704,149 shares of the company’s stock worth $446,266,000 after buying an additional 29,673 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Panera Bread during the first quarter worth $167,317,000. State Street Corp raised its position in Panera Bread by 1.2% in the first quarter. State Street Corp now owns 583,129 shares of the company’s stock worth $152,708,000 after buying an additional 6,907 shares during the period. Finally, ING Groep NV purchased a new position in Panera Bread during the first quarter worth $93,401,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.

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PNRA has been the subject of a number of recent analyst reports. BidaskClub downgraded Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Canaccord Genuity downgraded Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Wednesday, April 26th. Finally, Sanford C. Bernstein reissued 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 given a buy rating to the company’s stock. Panera Bread has an average rating of “Hold” and an average target price of $278.35.

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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