Panera Bread in advanced sale talks with JAB Holdings

After this sale, 6,509 common shares of PNRA are directly owned by the insider, with total stake valued at $1,839,639.

It seems Panera Bread's mysterious suitor could be JAB Holding.

And just last week, Panera became the first national restaurant chain to post information about added sugars and calories for all self-serve beverages.

After the report, Panera shares jumped more than 7 percent before trading was halted due to volatility.

Panera shares have risen by a third over the past 12 months. 2,195,111 shares of the company's stock were exchanged. Victory Capital Management Inc. now owns 319,458 shares of the company's stock worth $62,205,000 after buying an additional 317,327 shares in the last quarter. Cavalier Investments LLC increased its position in Panera Bread by 4.8% in the fourth quarter.

Arsenal fight back to draw with Man City
Stewart Robson believes Arsene Wenger's "ego" will keep him at Arsenal following this season to maintain the status quo. Overall I felt it was a mental test and overall you could see the team was touched on the confidence front.

AK Walia threatens to quit Cong over irregularity in ticket distribution
The Congress had formed a committee headed by Sharma to select candidates for elections to Delhi's three municipal corporations. Among the names in the second list was Mukesh Goel, now the Leader of the Opposition in the North Delhi Municipal Corporation.

Japan envoy recalled over statue flap to return to S. Korea
With the recall of the envoy, Japan also postponed bilateral economic dialogue and talks on a new currency swap with South Korea. Japan's Foreign Minister says his country is sending its Ambassador and a Consul General back to South Korea on Tuesday.

Panera's revenues have increased to almost $2.8 billion in 2016 from $2.39 billion in 2013. Old Mutual Global Investors UK Ltd. now owns 354,240 shares of the company's stock worth $68,977,000 after buying an additional 277,871 shares in the last quarter.

Boasting a price of $275.65, Panera Bread (NDAQ:PNRA) traded 0.00% even on the day. The firm's 50-day moving average price is $238.94 and its 200 day moving average price is $213.75. Panera Bread Co has a 52 week low of $185.69 and a 52 week high of $262.40. The Michigan-based Connable Office has invested 0.09% in Panera Bread Co (NASDAQ:PNRA). The firm earned $727.11 million during the quarter, compared to the consensus estimate of $727.75 million. Revenues were up 5.1 percent to $727.1 million from $691.8 million a year ago. Panera Bread only spends about 7% on G&A so striking out synergies through a deal appear limited. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & global copyright and trademark legislation. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of U.S. and worldwide copyright and trademark law. The legal version of this piece can be accessed at Maxim Group maintained Panera Bread Co (NASDAQ:PNRA) on Thursday, September 29 with "Buy" rating. Six equity analysts rating the company a strong buy, 8 brokers rating the stock a buy, 13 brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $231.53. On Tuesday, April 19 the stock rating was upgraded by Jefferies to "Buy".

Credit Suisse analyst Jason West wrote in a research note that he sees JAB as the "most likely acquirer" of the sandwich and bakery chain.

As of December 27, Panera had 2,036 bakery-cafes in 46 states and Ontario, Canada, under the names Panera Bread, St. Louis Bread Co. and Paradise Bakery & Cafe.

Related news