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Annie’s (NASDAQ:BNNY) reached a new 52-week low on Wednesday after Imperial Capital lowered their price target on the stock from $47.00 to $42.00, Analyst Ratings Network reports. Imperial Capital currently has an in-line rating on the stock. Annie’s traded as low as $34.98 and last traded at $35.33, with a volume of 1,208,584 shares. The stock had previously closed at $38.21.

A number of other analysts have also recently weighed in on BNNY. Analysts at Credit Suisse downgraded shares of Annie’s from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $36.00 price target on the stock, down previously from $54.00. Separately, analysts at Canaccord Genuity cut their price target on shares of Annie’s from $49.00 to $41.00 in a research note on Tuesday. Finally, 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $46.71.

The stock’s 50-day moving average is $41.30 and its 200-day moving average is $45.09. The company has a market cap of $639.0 million and a P/E ratio of 51.01.

Annie’s (NASDAQ:BNNY) last issued its quarterly 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. On average, analysts predict that Annie’s will post $0.94 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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