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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,021 shares, an increase of 1,498.4% from the April 15th total of 189 shares. Based on an average daily volume of 43,288 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

AMNF has been the topic of several recent analyst reports. Zacks Research raised shares of Armanino Foods of Distinction to a “hold” rating in a research note on Monday, January 26th. Roth Mkm initiated coverage on shares of Armanino Foods of Distinction in a research note on Friday, January 23rd. They set a “buy” rating and a $15.00 target price on the stock. Finally, Lake Street Capital raised shares of Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Stock Performance

Shares of OTCMKTS:AMNF traded down $0.52 during midday trading on Monday, reaching $10.17. 58,064 shares of the company’s stock traded hands, compared to its average volume of 54,691. Armanino Foods of Distinction has a 1 year low of $7.59 and a 1 year high of $12.25. The company has a market cap of $315.93 million, a P/E ratio of 16.40 and a beta of 0.07. The company has a fifty day simple moving average of $10.49 and a two-hundred day simple moving average of $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Armanino Foods of Distinction had a return on equity of 49.10% and a net margin of 25.06%.The firm had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. As a group, research analysts forecast that Armanino Foods of Distinction will post 0.58 EPS for the current fiscal year.

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.