Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Short Interest Update

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 984 shares, a decrease of 67.4% from the April 30th total of 3,021 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 198,962 shares, the days-to-cover ratio is presently 0.0 days.

Armanino Foods of Distinction Stock Performance

AMNF stock opened at $10.72 on Friday. The company has a market capitalization of $333.20 million, a price-to-earnings ratio of 17.29 and a beta of 0.07. Armanino Foods of Distinction has a fifty-two week low of $7.71 and a fifty-two week high of $12.25. The stock has a fifty day moving average of $10.33 and a 200-day moving average of $10.87.

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. The company had revenue of $19.50 million during the quarter, compared to the consensus estimate of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. Equities analysts predict that Armanino Foods of Distinction will post 0.61 EPS for the current year.

Analysts Set New Price Targets

Separately, Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Company Profile

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.