Short Interest in Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Decreases By 67.4%

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 984 shares, a decrease of 67.4% from the April 30th total of 3,021 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 198,962 shares, the short-interest ratio is currently 0.0 days.

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 issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Stock Performance

Shares of AMNF opened at $10.72 on Friday. The stock’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $10.87. The stock has a market capitalization of $333.20 million, a price-to-earnings ratio of 17.29 and a beta of 0.07. Armanino Foods of Distinction has a 52-week low of $7.71 and a 52-week high of $12.25.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business 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 47.01% and a net margin of 25.06%. On average, research analysts forecast that Armanino Foods of Distinction will post 0.61 earnings per share 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.