Annies Price Target Lowered to $37.00 at RBC Capital (BNNY)
RBC Capital dropped their target price on shares of Annies (NASDAQ:BNNY) from $45.00 to $37.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 6.08% from the company’s current price.
Shares of Annies (NASDAQ:BNNY) opened at 34.88 on Friday. Annies has a 52 week low of $30.07 and a 52 week high of $52.38. The stock’s 50-day moving average is $33.83 and its 200-day moving average is $39.50. The company has a market cap of $592.9 million and a P/E ratio of 41.24.
Annies (NASDAQ:BNNY) last announced its earnings results on Thursday, May 29th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.05. The company had revenue of $60.10 million for the quarter, compared to the consensus estimate of $61.17 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Annies will post $0.92 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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