Annies Given New $32.00 Price Target at JPMorgan Chase & Co. (BNNY)
Equities research analysts at JPMorgan Chase & Co. lowered their price target on shares of Annies (NASDAQ:BNNY) from $34.00 to $32.00 in a research note issued to investors on Friday. JPMorgan Chase & Co.’s target price suggests a potential upside of 9.36% from the stock’s previous close.
Annies (NASDAQ:BNNY) opened at 29.26 on Friday. Annies has a 52 week low of $27.86 and a 52 week high of $52.38. The stock has a 50-day moving average of $32.00 and a 200-day moving average of $35.19. The company has a market cap of $498.6 million and a price-to-earnings ratio of 33.89.
Annies (NASDAQ:BNNY) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.04. The company had revenue of $43.30 million for the quarter, compared to the consensus estimate of $42.70 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that Annies will post $0.90 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on BNNY. 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. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Annies in a research note on Friday, May 30th. They now have a $32.00 price target on the stock, down previously from $36.00. Finally, analysts at RBC Capital cut their price target on shares of Annies from $45.00 to $37.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.57.
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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