Panera Bread Co (PNRA) Files Form 4 Insider Selling : Ronald M Shaich Sells 2,494 Shares

Panera Bread Co (PNRA): Ronald M Shaich , Chairman and CEO of Panera Bread Co sold 2,494 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $215.01 per share for a total value of $536,234.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Ronald M Shaich (Chairman and CEO) sold 20,006 shares at $215.05 per share price.On Feb 16, 2016, Scott G Blair (SVP, Chief Legal/Franch. Off.) sold 64 shares at $195.35 per share price.Also, On Feb 3, 2016, Larry J Franklin (director) sold 650 shares at $195.00 per share price.On Feb 3, 2016, Elizabeth A. Dunlap (SVP, Chief People Officer) sold 99 shares at $193.37 per share price.

Shares of Panera Bread Co (PNRA) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -2.83 points or -1.33% at $210.63 with 4,00,029 shares getting traded. Post opening the session at $212.87, the shares hit an intraday low of $208.07 and an intraday high of $214 and the price vacillated in this range throughout the day. The company has a market cap of $5,032 M and the number of outstanding shares has been calculated to be 2,38,92,164 shares. The 52-week high of Panera Bread Co is $220.44 and the 52-week low is $165.17.

Panera Bread Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Panera Bread Co is Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 250 from a previous price target of $225 .The Rating was issued on May 2, 2016.Panera Bread Co is Reiterated by Wedbush to Outperform and the brokerage firm has raised the Price Target to $ 250 from a previous price target of $240 .The Rating was issued on Apr 28, 2016.Panera Bread Co is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 240 from a previous price target of $230 .The Rating was issued on Apr 28, 2016.Panera Bread Co is Upgraded by Jefferies to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Apr 19, 2016.Panera Bread Co is Upgraded by KeyBanc Capital Mkts to Overweight. Earlier the firm had a rating of Sector Weight on the company shares. The Rating was issued on Apr 19, 2016.

Panera Bread Company (Panera) is a food service provider. Panera is a national bakery-cafe concept with 1880 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.

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