Longfellow Investment Management Co. LLC Invests $7.68 Million in Panera Bread Co (PNRA)

Longfellow Investment Management Co. LLC purchased a new stake in shares of Panera Bread Co (NASDAQ:PNRA) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,405 shares of the company’s stock, valued at approximately $7,679,000. Panera Bread accounts for 2.2% of Longfellow Investment Management Co. LLC’s portfolio, making the stock its 16th largest position. Longfellow Investment Management Co. LLC owned about 0.11% of Panera Bread as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Narwhal Capital Management purchased a new position in shares of Panera Bread during the first quarter valued at $404,000. Shell Asset Management Co. purchased a new position in shares of Panera Bread during the first quarter valued at $570,000. Janney Montgomery Scott LLC raised its position in shares of Panera Bread by 25.3% in the first quarter. Janney Montgomery Scott LLC now owns 17,526 shares of the company’s stock valued at $4,590,000 after buying an additional 3,535 shares during the last quarter. Chickasaw Capital Management LLC purchased a new position in shares of Panera Bread during the first quarter valued at $209,000. Finally, Retirement Systems of Alabama raised its position in shares of Panera Bread by 6.4% in the first quarter. Retirement Systems of Alabama now owns 65,952 shares of the company’s stock valued at $17,271,000 after buying an additional 3,958 shares during the last quarter. 96.66% of the stock is currently owned by hedge funds and other institutional investors.

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Several research analysts have weighed in on PNRA shares. Zacks Investment Research raised Panera Bread from a “hold” rating to a “buy” rating and set a $352.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub raised Panera Bread from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Canaccord Genuity lowered Panera Bread from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Wednesday, April 26th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Panera Bread in a research report on Monday, July 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus 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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