Chevy Chase Trust Holdings Inc. Holds Stake in Panera Bread Co (NASDAQ:PNRA)

Chevy Chase Trust Holdings Inc. continued to hold its position in shares of Panera Bread Co (NASDAQ:PNRA) during the second quarter, according to its most recent filing with the SEC. The firm owned 1,780 shares of the company’s stock at the end of the second quarter. Chevy Chase Trust Holdings Inc.’s holdings in Panera Bread were worth $560,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PNRA. Coconut Grove Bank raised its position in shares of 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 last quarter. FNY Managed Accounts LLC acquired a new position in shares of Panera Bread during the first quarter valued at about $156,000. Intrust Bank NA acquired a new position in shares of Panera Bread during the first quarter valued at about $205,000. United Capital Financial Advisers LLC acquired a new position in shares of Panera Bread during the first quarter valued at about $206,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Panera Bread during the first quarter worth $208,000. Institutional investors own 96.66% of the company’s stock.

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A number of brokerages recently weighed in on PNRA. Sanford C. Bernstein restated an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. Zacks Investment Research upgraded Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 price target on the stock in a research report on Tuesday, July 4th. BidaskClub upgraded Panera Bread from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Canaccord Genuity lowered Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Wednesday, April 26th. One equities 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 stock has an average rating of “Hold” and an average price target of $278.35.

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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