Here is What Hedge Funds Think About Panera Bread Co (PNRA)

Panera Bread Co (NASDAQ:PNRA) investors should pay attention to a decrease in support from the world’s most elite money managers lately.

To most stock holders, hedge funds are assumed to be underperforming, outdated financial vehicles of yesteryear. While there are greater than 8000 funds with their doors open today, we choose to focus on the aristocrats of this club, about 450 funds. It is widely believed that this group has its hands on most of the hedge fund industry’s total capital, and by paying attention to their best stock picks, we have found a number of investment strategies that have historically outstripped Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 23.3 percentage points in 8 months (see the details here).

Just as beneficial, positive insider trading activity is another way to break down the stock market universe. Obviously, there are plenty of stimuli for an insider to downsize shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the impressive potential of this strategy if piggybackers know where to look (learn more here).

Now, we’re going to take a peek at the latest action regarding Panera Bread Co (NASDAQ:PNRA).

What have hedge funds been doing with Panera Bread Co (NASDAQ:PNRA)?

At the end of the first quarter, a total of 24 of the hedge funds we track were long in this stock, a change of 0% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes considerably.

Panera Bread (PNRA)When looking at the hedgies we track, Renaissance Technologies, managed by Jim Simons, holds the biggest position in Panera Bread Co (NASDAQ:PNRA). Renaissance Technologies has a $185.3 million position in the stock, comprising 0.4% of its 13F portfolio. On Renaissance Technologies’s heels is Steven Cohen of SAC Capital Advisors, with a $82.9 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Remaining hedgies that are bullish include Patrick McCormack’s Tiger Consumer Management, SAC Subsidiary’s Sigma Capital Management and Panayotis Takis Sparaggis’s Alkeon Capital Management.

Judging by the fact that Panera Bread Co (NASDAQ:PNRA) has witnessed bearish sentiment from the smart money, it’s safe to say that there is a sect of funds that elected to cut their entire stakes at the end of the first quarter. Intriguingly, SAC Subsidiary’s CR Intrinsic Investors said goodbye to the largest stake of the 450+ funds we watch, worth close to $14.3 million in stock., and Lee Hobson of Highside Capital Management was right behind this move, as the fund dumped about $13.1 million worth. These bearish behaviors are important to note, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

What have insiders been doing with Panera Bread Co (NASDAQ:PNRA)?

Insider buying is best served when the company in focus has seen transactions within the past 180 days. Over the latest half-year time period, Panera Bread Co (NASDAQ:PNRA) has seen zero unique insiders buying, and 5 insider sales (see the details of insider trades here).

With the returns exhibited by Insider Monkey’s time-tested strategies, retail investors must always monitor hedge fund and insider trading sentiment, and Panera Bread Co (NASDAQ:PNRA) is an important part of this process.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!