Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Short Interest Down 94.0% in March

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 3,411 shares, a drop of 94.0% from the February 26th total of 57,162 shares. Based on an average daily volume of 53,362 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Armanino Foods of Distinction to a “hold” rating in a report on Monday, January 26th. Lake Street Capital assumed coverage on Armanino Foods of Distinction in a report on Thursday, February 26th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Roth Mkm started coverage on Armanino Foods of Distinction in a research report on Friday, January 23rd. They issued a “buy” rating and a $15.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Stock Performance

AMNF stock opened at $10.45 on Thursday. The firm has a market cap of $324.91 million, a P/E ratio of 17.72 and a beta of 0.09. The firm’s fifty day moving average is $11.31 and its 200 day moving average is $10.79. Armanino Foods of Distinction has a 52 week low of $7.27 and a 52 week high of $12.25.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Armanino Foods of Distinction had a net margin of 24.52% and a return on equity of 50.33%. The business had revenue of $19.50 million during the quarter, compared to the consensus estimate of $19.40 million.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.