Panera Bread Co (PNRA) Files Form 4 Insider Selling : William Henry Jr. Simpson Sells 650 Shares

Panera Bread Co (PNRA): William Henry Jr. Simpson , SVP, Chief Development Officer of Panera Bread Co sold 650 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $218.74 per share for a total value of $142,181.00 , 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 26, 2016, Kenneth M Koziol (Executive Vice President) sold 307 shares at $213.92 per share price.On May 10, 2016, Ronald M Shaich (Chairman and CEO) sold 17,500 shares at $215.09 per share price.Also, On Feb 16, 2016, Scott G Blair (SVP, Chief Legal/Franch. Off.) sold 64 shares at $195.35 per share price.On Feb 3, 2016, Larry J Franklin (director) sold 650 shares at $195.00 per share price.

Panera Bread Co: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Panera Bread Co which led to swings in the share price. The shares opened for trading at $218.74 and hit $221.44 on the upside , eventually ending the session at $219.43, with a gain of 0.13% or 0.28 points. The heightened volatility saw the trading volume jump to 4,16,395 shares. The 52-week high of the share price is $221.44 and the company has a market cap of $5,243 M . The 52-week low of the share price is at $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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