Canaccord Genuity Maintains a 'Hold' on Annie's, Inc. (BNNY); Raising Estimates on Strong Start

June 7, 2012 8:46 AM EDT
Get Alerts BNNY Hot Sheet
Price: $45.97 --0%

Rating Summary:
    2 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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Canaccord Genuity maintains a 'Hold' on Annie's, Inc. (NYSE: BNNY) price target of $40.00.

Analyst, Scott Van Winkle, said, "We believe Annie’s enjoys one of the strongest brands in the natural/organic food industry, which along with a highly efficient business model and favorable sector growth should deliver strong growth, high margins and impressive financial returns."

"Raising F2013 and F2014 EPS estimates to $0.81 and $0.97 from $0.77 and $0.92, respectively, driven by stronger revenue and gross margin forecasts."

For an analyst ratings summary and ratings history on Annie's, Inc. click here. For more ratings news on Annie's, Inc. click here.

Shares of Annie's, Inc. closed at $35.95 yesterday.

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