Elkfork Partners LLC maintained its stake in Panera Bread Co (NASDAQ:PNRA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,496 shares of the company’s stock at the end of the first quarter. Elkfork Partners LLC’s holdings in Panera Bread were worth $392,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of PNRA. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Panera Bread by 20,409.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 116,491 shares of the company’s stock valued at $116,000 after buying an additional 115,923 shares during the last quarter. Flinton Capital Management LLC bought a new stake in shares of Panera Bread during the fourth quarter valued at about $144,000. Coconut Grove Bank increased its position in Panera Bread by 94.7% in the first quarter. Coconut Grove Bank now owns 555 shares of the company’s stock valued at $145,000 after buying an additional 270 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in Panera Bread during the fourth quarter valued at approximately $208,000. Finally, Chickasaw Capital Management LLC acquired a new position in Panera Bread during the first quarter valued at approximately $209,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.
Shares of Panera Bread Co (NASDAQ:PNRA) opened at 314.17 on Tuesday. Panera Bread Co has a one year low of $185.69 and a one year high of $316.21. The firm’s 50-day moving average is $313.60 and its 200-day moving average is $251.50. The stock has a market capitalization of $7.07 billion, a PE ratio of 47.56 and a beta of 0.31.
Panera Bread (NASDAQ:PNRA) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by $0.01. Panera Bread had a return on equity of 59.38% and a net margin of 5.80%. The company had revenue of $727.60 million for the quarter, compared to analyst estimates of $717.36 million. During the same period in the prior year, the business earned $1.56 earnings per share. Panera Bread’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts expect that Panera Bread Co will post $7.71 earnings per share for the current fiscal year. Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Panera Bread from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Canaccord Genuity cut shares of Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Wednesday, April 26th. Maxim Group restated a “hold” rating and set a $315.00 price objective on shares of Panera Bread in a research report on Tuesday, April 11th. BMO Capital Markets raised their price objective on shares of Panera Bread from $210.00 to $270.00 and gave the company a “market perform” rating in a research report on Thursday, April 6th. Finally, Telsey Advisory Group cut shares of Panera Bread from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $270.00 to $315.00 in a research report on Thursday, April 6th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. Panera Bread currently has a consensus rating of “Hold” and a consensus price target of $274.02.
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