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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,411 shares, a drop of 94.0% from the February 26th total of 57,162 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 53,362 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 53,362 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Armanino Foods of Distinction Trading Down 2.8%

Shares of AMNF opened at $10.25 on Wednesday. The company has a market capitalization of $318.57 million, a PE ratio of 17.37 and a beta of 0.09. Armanino Foods of Distinction has a 12 month low of $7.27 and a 12 month high of $12.25. The stock’s 50-day moving average price is $11.33 and its two-hundred day moving average price is $10.79.

Armanino Foods of Distinction (OTCMKTS:AMNF) last released 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 firm 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 50.33% and a net margin of 24.52%.

Analyst Ratings Changes

Several analysts have recently weighed in on AMNF shares. Zacks Research upgraded Armanino Foods of Distinction to a “hold” rating in a report on Monday, January 26th. Roth Mkm assumed coverage on shares of Armanino Foods of Distinction in a report on Friday, January 23rd. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Lake Street Capital began coverage on shares of Armanino Foods of Distinction in a research report on Thursday, February 26th. They set a “buy” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.00.

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.