Panera Bread Co (NASDAQ:PNRA) Director Larry J. Franklin sold 364 shares of the company’s stock in a transaction on Monday, January 25th. The stock was sold at an average price of $185.00, for a total transaction of $67,340.00. Following the completion of the transaction, the director now directly owns 15,479 shares in the company, valued at $2,863,615. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Panera Bread Co (NASDAQ:PNRA) traded up 1.00% during mid-day trading on Wednesday, hitting $189.16. 485,143 shares of the stock traded hands. Panera Bread Co has a 52 week low of $153.00 and a 52 week high of $208.00. The firm has a market cap of $4.80 billion and a P/E ratio of 32.12. The firm’s 50-day moving average price is $190.35 and its 200-day moving average price is $186.67.

Several hedge funds and institutional investors have recently added to or reduced their stakes in PNRA. Private Asset Management raised its position in Panera Bread by 19.4% in the fourth quarter. Private Asset Management now owns 9,385 shares of the company’s stock valued at $1,828,000 after buying an additional 1,525 shares in the last quarter. Quantitative Systematic Strategies bought a new position in shares of Panera Bread during the fourth quarter worth approximately $1,192,000. Creative Planning bought a new position in shares of Panera Bread during the fourth quarter worth approximately $0. Janus Capital Management raised its position in shares of Panera Bread by 36.2% in the third quarter. Janus Capital Management now owns 17,700 shares of the company’s stock worth $3,423,000 after buying an additional 4,700 shares during the period. Finally, Welch & Forbes LLC raised its position in shares of Panera Bread by 5.9% in the fourth quarter. Welch & Forbes LLC now owns 1,805 shares of the company’s stock worth $351,000 after buying an additional 100 shares during the period.

Several equities analysts have commented on PNRA shares. BTIG Research raised shares of Panera Bread from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday. Zacks Investment Research reissued a “buy” rating and set a $211.00 target price on shares of Panera Bread in a research report on Sunday. Piper Jaffray reissued an “overweight” rating and set a $225.00 target price on shares of Panera Bread in a research report on Thursday, January 21st. Maxim Group increased their target price on shares of Panera Bread from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, January 4th. Finally, Longbow Research raised shares of Panera Bread from an “underperform” rating to a “neutral” rating in a research report on Tuesday, December 15th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Panera Bread presently has a consensus rating of “Buy” and a consensus target price of $207.76.

Panera Bread Company (NASDAQ:PNRA) is a food service provider. Panera is a national bakery-cafe concept with 1,880 Company-owned and franchise-operated bakery-cafe locations in 45 states, the District of Columbia, and Ontario, Canada. The Company operates through three segments: Company Bakery-Cafe Operations, Franchise Operations, and Fresh Dough and Other Product Operations. As of December 30, 2014, its Company bakery-cafe operations segment consisted of 925 Company-owned bakery-cafes and its franchise operations segment consisted of 955 franchise-operated bakery-cafes, located throughout the United States and in Ontario, Canada. As of December 30, 2014, its fresh dough and other product operations segment, which supplies fresh dough and other products daily to the Company-owned and franchise-operated bakery-cafes, consisted of 24 fresh dough facilities (22 Company-owned and two franchise-operated), located throughout the United States and one in Ontario, Canada.

12 Month Chart for NASDAQ:PNRA

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