Wells Fargo & Company MN Has $40.53 Million Stake in Panera Bread Co (PNRA)
Wells Fargo & Company MN raised its stake in shares of Panera Bread Co (NASDAQ:PNRA) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,807 shares of the company’s stock after buying an additional 11,431 shares during the quarter. Wells Fargo & Company MN’s holdings in Panera Bread were worth $40,528,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc grew its position in shares of Panera Bread by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 21,159 shares of the company’s stock valued at $6,657,000 after purchasing an additional 1,835 shares during the period. JPMorgan Chase & Co. boosted its position in Panera Bread by 140.4% during the 1st quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock worth $12,184,000 after acquiring an additional 27,171 shares during the last quarter. Investment House LLC boosted its position in Panera Bread by 1,016.0% during the 1st quarter. Investment House LLC now owns 16,628 shares of the company’s stock worth $4,354,000 after acquiring an additional 15,138 shares during the last quarter. First Trust Advisors LP boosted its position in Panera Bread by 35.8% during the 2nd quarter. First Trust Advisors LP now owns 18,333 shares of the company’s stock worth $5,768,000 after acquiring an additional 4,834 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its position in Panera Bread by 1.1% during the 2nd quarter. State Treasurer State of Michigan now owns 8,800 shares of the company’s stock worth $2,769,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 96.66% of the company’s stock.
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A number of equities analysts have weighed in on PNRA shares. BidaskClub downgraded Panera Bread from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price target for the company in a research report on Tuesday, July 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $279.27.
Panera Bread 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.
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