Panera Bread Co (NASDAQ:PNRA) saw an insider lower his holdings in the company today.. The Executive Vice President William W. Moreton disposed of 1,500 shares of common stock at an average price of $166.87 per share. Following this move, Moreton holds a total of 23,534 shares directly. A $4.48 billion market cap company, Panera Bread Co (NASDAQ:PNRA) is a national bakery-cafe concept with 1,541 Company-owned and franchise-operated bakery-cafe locations in42 states, the District of Columbia, and Ontario, Canada. Panera operates under the Panera Bread, Saint Louis Bread Co. and Paradise Bakery & Cafe trademark names. Its bakery-cafes are located in urban, suburban, strip mall, and regional mall locations.
In addition, among the institutional investors involved in the company is billionaire Jim Simons‘ Renaissance Technologies. After raising its holdings by 35% over the course of the last fiscal quarter, the fund now holds 873,992 shares worth nearly $131 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.