Pinnacle Foods, Inc. (NYSE:PF)‘s stock had its “outperform” rating reissued by Royal Bank Of Canada in a note issued to investors on Tuesday. They currently have a $67.00 target price on the stock, up from their prior target price of $66.00. Royal Bank Of Canada’s target price suggests a potential upside of 9.14% from the company’s current price.

PF has been the topic of a number of other research reports. BidaskClub lowered shares of Pinnacle Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Berenberg Bank initiated coverage on shares of Pinnacle Foods in a research note on Tuesday, May 16th. They issued a “buy” rating and a $68.00 price target for the company. J P Morgan Chase & Co restated an “overweight” rating and issued a $68.00 price target (up previously from $65.00) on shares of Pinnacle Foods in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Credit Suisse Group set a $62.00 price target on shares of Pinnacle Foods and gave the stock a “buy” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. Pinnacle Foods currently has a consensus rating of “Buy” and an average price target of $61.79.

Shares of Pinnacle Foods (PF) traded up 1.067% during midday trading on Tuesday, hitting $62.045. 767,463 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $60.39 and its 200-day moving average is $57.95. The stock has a market cap of $7.36 billion, a PE ratio of 35.133 and a beta of 0.35. Pinnacle Foods has a 1-year low of $46.36 and a 1-year high of $66.67.

Pinnacle Foods (NYSE:PF) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $766.10 million for the quarter, compared to analyst estimates of $766.52 million. Pinnacle Foods had a net margin of 6.66% and a return on equity of 13.97%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. Analysts predict that Pinnacle Foods will post $2.59 earnings per share for the current fiscal year.

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In other news, EVP Michael J. Barkley sold 10,000 shares of the business’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $60.44, for a total transaction of $604,400.00. Following the completion of the transaction, the executive vice president now owns 17,355 shares of the company’s stock, valued at $1,048,936.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.34% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. First Quadrant L P CA bought a new stake in Pinnacle Foods during the second quarter valued at $122,000. Tower Research Capital LLC TRC increased its stake in Pinnacle Foods by 599.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $121,000 after buying an additional 1,797 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Pinnacle Foods by 107.1% in the first quarter. Acrospire Investment Management LLC now owns 2,900 shares of the company’s stock valued at $168,000 after buying an additional 1,500 shares during the last quarter. Financial Architects Inc increased its stake in Pinnacle Foods by 425.3% in the second quarter. Financial Architects Inc now owns 3,005 shares of the company’s stock valued at $139,000 after buying an additional 2,433 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Pinnacle Foods by 0.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,417 shares of the company’s stock valued at $158,000 after buying an additional 19 shares during the last quarter. 96.77% of the stock is owned by institutional investors.

About Pinnacle Foods

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.

Analyst Recommendations for Pinnacle Foods (NYSE:PF)

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