Armanino Foods of Distinction (OTCMKTS:AMNF) Upgraded by Lake Street Capital to "Strong-Buy" Rating

Key Points

• Lake Street Capital upgraded Armanino Foods of Distinction (OTCMKTS:AMNF) to a Strong-Buy, leaving the consensus at an average Buy rating with one Strong Buy, one Buy and one Hold and a $15.00 average target.
• In the most recent quarter the company beat expectations, reporting EPS of $0.17 versus $0.13 and revenue of $19.5M, alongside a 50.33% return on equity and a 24.52% net margin.
• Shares opened at $10.41 with a market cap of $323.5M and a PE of 17.64, trading in a 12‑month range of $7.27–$12.25, notably below the $15 analyst target.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) was upgraded by Lake Street Capital to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

AMNF has been the topic of a number of other research reports. Zacks Research raised Armanino Foods of Distinction to a "hold" rating in a report on Monday, January 26th. Roth Mkm started coverage on Armanino Foods of Distinction in a report on Friday, January 23rd. They set a "buy" rating and a $15.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Armanino Foods of Distinction presently has an average rating of "Buy" and an average target price of $15.00.

Armanino Foods of Distinction Trading Down 0.1%

AMNF opened at $10.41 on Wednesday. The business's 50 day moving average is $10.99 and its 200-day moving average is $10.84. The stock has a market cap of $323.52 million, a PE ratio of 17.64 and a beta of 0.12. Armanino Foods of Distinction has a twelve month low of $7.27 and a twelve month high of $12.25.

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. The company had revenue of $19.50 million for the quarter, compared to analysts' expectations of $19.40 million. Armanino Foods of Distinction had a return on equity of 50.33% and a net margin of 24.52%.

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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