Annie’s (BNNY) in Focus: Stock Tumbles 8.7% – Tale of the Tape

Zacks

Annie's, Inc. (BNNY) saw a big move last session, as the company’s shares fell nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $39.25 to $42.64 in the past one-month time frame.

This manufacturer of food products has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

BNNY currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same sector include ConAgra Foods, Inc. (CAG), Diamond Foods, Inc. (DMND) and The Hain Celestial Group, Inc. (HAIN). All these stocks hold a Zacks Rank #2 (Buy).

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