Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Large Growth in Short Interest

Key Points

• Short interest jumped from 9 shares on March 31 to 189 shares as of April 15 — a 2,000% increase — but still represents approximately 0.0% of shares short with a days-to-cover ratio of 0.0 given heavy average daily volume.
• Analysts are generally positive: the stock has an average rating of "Buy" with a consensus target price of $15.00, including a "strong-buy" from Lake Street and a "buy" from Roth Mkm.
• Recent quarter beat expectations, reporting $0.17 EPS vs. $0.13 consensus and $19.5M revenue, while showing strong profitability metrics (ROE 48.35% and net margin 24.52%).

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 189 shares, a growth of 2,000.0% from the March 31st total of 9 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 169,242 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several equities analysts recently commented on AMNF shares. Zacks Research upgraded Armanino Foods of Distinction to a "hold" rating in a research report on Monday, January 26th. Roth Mkm started coverage on Armanino Foods of Distinction in a research report on Friday, January 23rd. They set a "buy" rating and a $15.00 target price for the company. Finally, Lake Street Capital upgraded Armanino Foods of Distinction to a "strong-buy" rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.00.

Armanino Foods of Distinction Stock Up 0.2%

AMNF stock traded up $0.02 during midday trading on Friday, reaching $10.14. 6,731 shares of the company's stock traded hands, compared to its average volume of 32,421. The company has a 50-day simple moving average of $10.70 and a two-hundred day simple moving average of $10.85. Armanino Foods of Distinction has a 1-year low of $7.42 and a 1-year high of $12.25. The company has a market cap of $315.15 million, a price-to-earnings ratio of 17.19 and a beta of 0.12.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.04. Armanino Foods of Distinction had a return on equity of 48.35% and a net margin of 24.52%.The firm had revenue of $19.50 million during the quarter, compared to analysts' expectations of $19.40 million. Equities research analysts forecast that Armanino Foods of Distinction will post 0.58 EPS for the current 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.

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