Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Significant Increase in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,363 shares, an increase of 343.4% from the May 14th total of 984 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 336,358 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. One investment 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, the company presently has an average rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Stock Down 0.3%

Shares of OTCMKTS:AMNF opened at $10.12 on Friday. Armanino Foods of Distinction has a 12 month low of $7.95 and a 12 month high of $12.25. The company’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.87. The firm has a market cap of $310.08 million, a price-to-earnings ratio of 16.32 and a beta of 0.08.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Armanino Foods of Distinction had a net margin of 25.06% and a return on equity of 47.01%. The business had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Research analysts expect 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.