Annie's, Inc. ( BNNY ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for BNNY, as the stock is now up over 8% since May 8.
This slump shouldn't be too much of a surprise to investors. Though this natural and organic food products distributor has not seen any estimate revision in the past few weeks, its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
BNNY currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Aramark
), B&G Foods Inc.
) and The Hain Celestial Group, Inc.
). All these stocks hold a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportANNIES INC (BNNY): Free Stock Analysis ReportARAMARK HOLDING (ARMK): Free Stock Analysis ReportB&G FOODS CL-A (BGS): Free Stock Analysis ReportHAIN CELESTIAL (HAIN): Free Stock Analysis ReportTo read this article on Zacks.com click here.