Annie’s Inc Hits New 52-Week High at $49.33 (BNNY)
Shares of Annie’s (NASDAQ:BNNY) hit a new 52-week high on Wednesday, StockRatingsNetwork reports. The company traded as high as $49.33 and last traded at $48.70, with a volume of 142,832 shares trading hands. The stock had previously closed at $48.22.
A number of research firms have recently commented on BNNY. Analysts at JPMorgan Chase & Co. raised their price target on shares of Annie’s (NASDAQ:BNNY) from $44.00 to $52.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $42.33.
Annie’s has a 52 week low of $32.06 and a 52 week high of $48.85. The stock has a 50-day moving average of $44.55 and a 200-day moving average of $41.16. The company has a market cap of $822.2 million and a P/E ratio of 74.07.
Annie’s (NASDAQ:BNNY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $40.09 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that Annie’s will post $0.99 earnings per share for the current fiscal year.
Annie’s, Inc is a natural and organic food company. The Company’s product lines include natural products, products made with organic ingredients and certified organic products.
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