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Shares of Annies (NASDAQ:BNNY) have received an average recommendation of “Hold” from the nine analysts that are presently covering the stock, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.51.

A number of analysts have recently weighed in on BNNY shares. Analysts at JPMorgan Chase & Co. raised their price target on shares of Annies from $30.00 to $34.00 in a research note on Tuesday. Separately, analysts at Zacks downgraded shares of Annies from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 3rd. They now have a $30.10 price target on the stock. Finally, analysts at Imperial Capital cut their price target on shares of Annies from $42.00 to $40.00 in a research note on Monday, June 2nd. They now have an “in-line” rating on the stock.

Annies (NASDAQ:BNNY) traded down 0.55% on Wednesday, hitting $32.78. The stock had a trading volume of 45,609 shares. Annies has a 1-year low of $27.86 and a 1-year high of $52.38. The stock’s 50-day moving average is $32.65 and its 200-day moving average is $36.54. The company has a market cap of $558.5 million and a P/E ratio of 37.45.

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 $0.90 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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