Panera Bread Co (PNRA) Position Reduced by OxFORD Asset Management LLP

OxFORD Asset Management LLP lowered its holdings in shares of Panera Bread Co (NASDAQ:PNRA) by 48.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,940 shares of the company’s stock after selling 1,793 shares during the period. OxFORD Asset Management LLP’s holdings in Panera Bread were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNRA. JPMorgan Chase & Co. grew its stake in Panera Bread by 140.4% during the first quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock worth $12,184,000 after purchasing an additional 27,171 shares during the period. Stifel Financial Corp grew its stake in Panera Bread by 12.1% during the first quarter. Stifel Financial Corp now owns 2,521 shares of the company’s stock worth $662,000 after purchasing an additional 272 shares during the period. Neuberger Berman Group LLC acquired a new stake in Panera Bread during the first quarter worth approximately $225,000. Credit Agricole S A grew its stake in Panera Bread by 146.0% during the first quarter. Credit Agricole S A now owns 2,529 shares of the company’s stock worth $662,000 after purchasing an additional 1,501 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Panera Bread by 8.8% during the first quarter. OppenheimerFunds Inc. now owns 2,972 shares of the company’s stock worth $778,000 after purchasing an additional 240 shares during the period. 96.66% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/18/panera-bread-co-pnra-position-reduced-by-oxford-asset-management-llp.html.

PNRA has been the subject of several recent analyst reports. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub cut Panera Bread from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consens

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNRA. JPMorgan Chase & Co. grew its stake in Panera Bread by 140.4% during the first quarter. JPMorgan Chase & Co. now owns 46,526 shares of the company’s stock worth $12,184,000 after purchasing an additional 27,171 shares during the period. Stifel Financial Corp grew its stake in Panera Bread by 12.1% during the first quarter. Stifel Financial Corp now owns 2,521 shares of the company’s stock worth $662,000 after purchasing an additional 272 shares during the period. Neuberger Berman Group LLC acquired a new stake in Panera Bread during the first quarter worth approximately $225,000. Credit Agricole S A grew its stake in Panera Bread by 146.0% during the first quarter. Credit Agricole S A now owns 2,529 shares of the company’s stock worth $662,000 after purchasing an additional 1,501 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in Panera Bread by 8.8% during the first quarter. OppenheimerFunds Inc. now owns 2,972 shares of the company’s stock worth $778,000 after purchasing an additional 240 shares during the period. 96.66% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This article was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/18/panera-bread-co-pnra-position-reduced-by-oxford-asset-management-llp.html.

PNRA has been the subject of several recent analyst reports. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 target price for the company in a research note on Tuesday, July 4th. BidaskClub cut Panera Bread from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $281.39.

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.

Want to see what other hedge funds are holding PNRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Panera Bread Co (NASDAQ:PNRA).

Institutional Ownership by Quarter for Panera Bread (NASDAQ:PNRA)

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.

Leave a Reply