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Canaccord Genuity decreased their target price on shares of Annie’s (NASDAQ:BNNY) from $49.00 to $41.00 in a research note issued on Tuesday, Analyst Ratings Network.com reports. Canaccord Genuity’s price target would suggest a potential downside of 1.98% from the stock’s previous close.

BNNY has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott upgraded shares of Annie’s from a “sell” rating to a “neutral” rating in a research note on Thursday, January 16th. They now have a $47.00 price target on the stock, up previously from $35.00. Analysts at RBC Capital initiated coverage on shares of Annie’s in a research note on Monday, November 25th. They set an “outperform” rating and a $54.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Annie’s currently has an average rating of “Hold” and a consensus target price of $46.71.

Annie’s (NASDAQ:BNNY) traded down 8.65% on Tuesday, hitting $38.21. The stock had a trading volume of 3,033,547 shares. Annie’s has a one year low of $35.79 and a one year high of $52.38. The stock’s 50-day moving average is $41.40 and its 200-day moving average is $45.11. The company has a market cap of $646.2 million and a price-to-earnings ratio of 55.85.

Annie’s (NASDAQ:BNNY) last released its earnings data on Monday, February 10th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Analysts expect that Annie’s will post $0.97 EPS 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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