Annies Stock Rating Upgraded by Zacks (BNNY)
Annies (NASDAQ:BNNY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday. The firm currently has a $30.00 price objective on the stock. Zacks‘s target price points to a potential upside of 2.53% from the stock’s previous close.
A number of other analysts have also recently weighed in on BNNY. Analysts at JPMorgan Chase & Co. cut their price target on shares of Annies from $34.00 to $32.00 in a research note on Friday. 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.25.
Shares of Annies (NASDAQ:BNNY) traded down 0.34% during mid-day trading on Monday, hitting $29.16. 466,368 shares of the company’s stock traded hands. Annies has a one year low of $27.86 and a one year 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 $498.5 million and a price-to-earnings ratio of 42.72.
Annies (NASDAQ:BNNY) last issued its earnings data on Thursday, August 7th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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.
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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