Armanino Foods of Distinction Inc. (OTCMKTS:AMNF – Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 4,363 shares, a growth of 343.4% from the May 14th total of 984 shares. Based on an average daily trading volume, of 336,358 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital raised Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $15.00.
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Armanino Foods of Distinction Stock Performance
Armanino Foods of Distinction (OTCMKTS:AMNF – Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. Analysts forecast that Armanino Foods of Distinction will post 0.61 EPS for the current fiscal year.
About Armanino Foods of Distinction
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.
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