Annie’s (BNNY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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Annie’s (NASDAQ:BNNY) posted its quarterly earnings results on Monday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01, Analyst Ratings Network.com reports. The company had revenue of $46.20 million for the quarter, compared to the consensus estimate of $45.90 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Annie’s updated its FY14 guidance to $0.92-0.93 EPS.

A number of research firms have recently commented on BNNY. Analysts at Credit Suisse downgraded shares of Annie’s from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $36.00 price target on the stock, down previously from $54.00. On a related note, analysts at Canaccord Genuity cut their price target on shares of Annie’s from $49.00 to $41.00 in a research note on Tuesday. Finally, analysts at Janney Montgomery Scott upgraded shares of Annie’s from a “sell” rating to a “neutral” rating in a research note on Thursday, January 16th. They now have a $47.00 price target on the stock, up previously from $35.00. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.43.

Annie’s (NASDAQ:BNNY) opened at 41.83 on Tuesday. Annie’s has a one year low of $35.79 and a one year high of $52.38. The stock has a 50-day moving average of $41.40 and a 200-day moving average of $45.11. The company has a market cap of $707.4 million and a price-to-earnings ratio of 56.02.

Annie’s, Inc is a natural and organic food company. The Company’s product lines include natural products, products made with organic ingredients and certified organic products.

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