Dimensional Fund Advisors LP raised its stake in shares of Panera Bread Co (NASDAQ:PNRA) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,879 shares of the company’s stock after buying an additional 2,135 shares during the period. Dimensional Fund Advisors LP owned about 0.67% of Panera Bread worth $39,506,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Panera Bread by 6.7% in the first quarter. Geode Capital Management LLC now owns 169,456 shares of the company’s stock worth $44,375,000 after buying an additional 10,584 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 in the last quarter. Scholtz & Company LLC purchased a new stake in Panera Bread during the first quarter worth approximately $2,613,000. Marshall Wace North America L.P. purchased a new stake in Panera Bread during the first quarter worth approximately $2,006,000. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Panera Bread during the first quarter worth approximately $2,006,000. Institutional investors own 96.66% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was originally published by BNB Daily and is the property of of BNB Daily. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/dimensional-fund-advisors-lp-has-39-51-million-stake-in-panera-bread-co-pnra-updated-updated-updated.html.
A number of brokerages recently weighed in on PNRA. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. BidaskClub raised shares of Panera Bread from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Canaccord Genuity downgraded shares of Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price objective for the company in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $279.27.
Panera Bread Company 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.
Receive News & Ratings for Panera Bread Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panera Bread Co and related companies with MarketBeat.com's FREE daily email newsletter.