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Equities researchers at Oppenheimer started coverage on shares of Annies (NASDAQ:BNNY) in a research report issued on Wednesday, reports. The firm set an “outperform” rating on the stock.

Annies (NASDAQ:BNNY) remained flat at $32.72 during during mid-day trading trading on Wednesday. 348,140 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 $30.48 and its 200-day moving average is $33.99. The company has a market cap of $559.3 million and a P/E ratio of 47.77.

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. Analysts expect that Annies will post $0.90 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on BNNY. 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.25.

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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