Boulder Brands Receives Average Rating of “Buy” from Brokerages (NASDAQ:BDBD)
Shares of Boulder Brands (NASDAQ:BDBD) have been given a consensus rating of “Buy” by the ten brokerages that are covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $130.30.
Several analysts have recently commented on the stock. Analysts at Longbow Research upgraded shares of Boulder Brands from a “neutral” rating to a “buy” rating in a research note on Wednesday. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Boulder Brands in a research note on Thursday, July 10th. They now have a $13.10 price target on the stock, down previously from $17.00.
Boulder Brands (NASDAQ:BDBD) opened at 14.20 on Wednesday. Boulder Brands has a 1-year low of $11.01 and a 1-year high of $18.46. The stock has a 50-day moving average of $12.71 and a 200-day moving average of $14.5. The company has a market cap of $866.3 million and a price-to-earnings ratio of 125.55.
Boulder Brands (NASDAQ:BDBD) last released its earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $131.30 million for the quarter, compared to the consensus estimate of $130.30 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Boulder Brands will post $0.40 earnings per share for the current fiscal year.
Boulder Brands, Inc is a supplier of gluten-free and health and wellness products in the United States and Canada.
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