State Board of Administration of Florida Retirement System reduced its position in shares of Panera Bread Co (NASDAQ:PNRA) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,750 shares of the company’s stock after selling 454 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Panera Bread were worth $9,046,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. 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 worth $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 worth $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 worth $1,663,000 after buying an additional 14 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Panera Bread by 3.9% in the first quarter. Gamco Investors INC. ET AL now owns 1,441 shares of the company’s stock worth $377,000 after buying an additional 54 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in Panera Bread by 6.3% in the first quarter. LS Investment Advisors LLC now owns 1,642 shares of the company’s stock worth $430,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 96.66% of the company’s stock.

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A number of research analysts recently issued reports on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. BidaskClub lowered Panera Bread from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective for the company in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $279.27.

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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