Oppenheimer Begins Coverage on Boulder Brands (BDBD)
Equities research analysts at Oppenheimer initiated coverage on shares of Boulder Brands (NASDAQ:BDBD) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Boulder Brands (NASDAQ:BDBD) traded up 0.65% on Wednesday, hitting $13.90. The stock had a trading volume of 725,506 shares. 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 $848.0 million and a P/E ratio of 125.55.
Boulder Brands (NASDAQ:BDBD) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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.
A number of other analysts have also recently weighed in on BDBD. 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $130.30.
Boulder Brands, Inc is a supplier of gluten-free and health and wellness products in the United States and Canada.
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