Annies Receives Neutral Rating from JPMorgan Chase & Co. (BNNY)
Annies (NASDAQ:BNNY)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday. They currently have a $30.00 price objective on the stock, down from their previous price objective of $43.00. JPMorgan Chase & Co.’s target price indicates a potential downside of 13.99% from the company’s current price.
A number of other analysts have also recently weighed in on BNNY. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Annies in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $36.00. Analysts at RBC Capital cut their price target on shares of Annies from $45.00 to $37.00 in a research note on Friday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Annies currently has an average rating of “Hold” and a consensus price target of $40.57.
Annies (NASDAQ:BNNY) traded down 6.19% during mid-day trading on Friday, hitting $32.72. 3,407,021 shares of the company’s stock traded hands. Annies has a 1-year low of $30.07 and a 1-year high of $52.38. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $39.50. The company has a market cap of $556.2 million and a P/E ratio of 41.52.
Annies (NASDAQ:BNNY) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.29 earnings per share. Annies’s revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Annies will post $1.13 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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