UBS Asset Management Americas Inc. raised its position in Panera Bread Co (NASDAQ:PNRA) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,561 shares of the company’s stock after buying an additional 2,584 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Panera Bread were worth $5,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNRA. JPMorgan Chase & Co. grew its holdings in Panera Bread by 140.4% in the 1st quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock valued at $12,184,000 after buying an additional 27,171 shares in the last quarter. Stifel Financial Corp grew its holdings in Panera Bread by 12.1% in the 1st quarter. Stifel Financial Corp now owns 2,521 shares of the company’s stock valued at $662,000 after buying an additional 272 shares in the last quarter. SG Americas Securities LLC grew its holdings in Panera Bread by 178.8% in the 1st quarter. SG Americas Securities LLC now owns 3,942 shares of the company’s stock valued at $1,032,000 after buying an additional 2,528 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Panera Bread in the 1st quarter valued at $225,000. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Panera Bread by 120.7% in the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 6,967 shares of the company’s stock valued at $1,823,000 after buying an additional 3,810 shares in the last quarter. 96.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently 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 upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 target price for the company in a research report on Tuesday, July 4th. Finally, Sanford C. Bernstein reiterated 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 given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $279.27.

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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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