Share on StockTwits

Diamond Foods (NASDAQ:DMND) released its earnings data on Thursday. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.05, Analyst Ratings.Net reports. The company had revenue of $190.90 million for the quarter, compared to the consensus estimate of $193.18 million.

Shares of Diamond Foods (NASDAQ:DMND) traded up 0.27% on Thursday, hitting $33.32. The stock had a trading volume of 446,065 shares. Diamond Foods has a 52-week low of $15.44 and a 52-week high of $35.58. The stock’s 50-day moving average is $31.22 and its 200-day moving average is $28.6. The company’s market cap is $1.046 billion. Diamond Foods also was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 4,194,759 shares, a decline of 21.3% from the April 30th total of 5,328,349 shares. Currently, 16.1% of the company’s stock are short sold. Based on an average daily trading volume, of 372,096 shares, the days-to-cover ratio is presently 11.3 days.

A number of analysts have recently weighed in on DMND shares. Analysts at Zacks reiterated a “neutral” rating on shares of Diamond Foods in a research note on Friday, April 25th. They now have a $33.00 price target on the stock. On a related note, analysts at SunTrust raised their price target on shares of Diamond Foods from $20.00 to $30.00 in a research note on Wednesday, March 12th. Finally, analysts at BMO Capital Markets raised their price target on shares of Diamond Foods from $22.00 to $31.00 in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $26.25.

Diamond Foods, Inc (NASDAQ:DMND) is a packaged food company focused on building and energizing brands.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.