Annies Given Average Rating of “Hold” by Brokerages (NASDAQ:BNNY)
Annies (NASDAQ:BNNY) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.25.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Annies from an “underperform” rating to a “neutral” rating in a research note on Monday, August 11th. They now have a $30.00 price target on the stock. Separately, 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, August 8th. Finally, 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, July 15th.
Annies (NASDAQ:BNNY) traded up 2.03% during mid-day trading on Tuesday, hitting $30.68. 23,898 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’s 50-day moving average is $30.84 and its 200-day moving average is $34.27. The company has a market cap of $524.5 million and a price-to-earnings ratio of 43.90.
Annies (NASDAQ:BNNY) last released its earnings data on Thursday, August 7th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.13 earnings per share. Annies’s revenue was up 10.2% compared to the same quarter last year. 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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