Research Report Initiation on Major Diversified Food Stocks -- Pinnacle Foods, Blue Buffalo Pet Products, Amplify Snack Brands, and Cal-Maine Foods

Aug 09, 2016, 09:28 ET from Chelmsford Park SA

NEW YORK, August 9, 2016 /PRNewswire/ --

Ahead of today's trading session, has issued research reports on four Major Diversified Food equities, namely: Pinnacle Foods Inc. (NYSE: PF), Blue Buffalo Pet Products Inc. (NASDAQ: BUFF), Amplify Snack Brands Inc. (NYSE: BETR), and Cal-Maine Foods Inc. (NASDAQ: CALM). Companies in this industry manufacture packaged and processed meals, snacks, desserts, and beverages, and are known for offering dividend yields that are in-line with the broader market. Learn more about these stocks by downloading their free report at:

Pinnacle Foods  

Parsippany, New Jersey headquartered Shares in Pinnacle Foods Inc. ended Monday's session at $49.33, which was a slight decline of 0.68%. The stock recorded a trading volume of 977,272 shares. The Company's shares have gained 2.64% in the last one month, 16.41% in the previous three months, and 17.61% since the start of this year. The stock is trading 7.31% above its 50-day moving average and 13.52% above its 200-day moving average. Moreover, shares of Pinnacle Foods, which through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America, have a Relative Strength Index (RSI) of 58.20.

On July 28th, 2016, Pinnacle Foods reported that diluted earnings per share in Q2 2016 totaled $0.39 compared to $0.37 in the year-ago quarter, an increase of 5.4%.  The company's net sales in Q2 2016 increased 19.7% versus year-ago, largely reflecting the benefits of the Boulder Brands acquisition, which contributed $123 million in the quarter, and growth of 1.6% from North America Retail.

On July 29th, 2016, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy', issuing a target price of $55 per share. The free research report on PF is available at:

Blue Buffalo Pet Products  

Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc.'s stock rose 1.42%, closing the day at $26.37 with a total volume of 885,737 shares traded. The Company's shares have advanced 3.41% in the last month, 11.50% over the previous three months, and 40.94% on an YTD basis. The stock is trading 4.75% above its 50-day moving average and 22.57% above its 200-day moving average. Additionally, shares of Blue Buffalo Pet Products, which through its subsidiary, Blue Buffalo Company, Ltd., operates as a pet food company in the US, Canada, Japan, and Mexico,  have an RSI of 61.45.

On July 14th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $22 a share to $24 a share.

On August 8th, 2016, at the American Veterinary Medical Association annual convention in San Antonio, Blue Buffalo, the company announced the launch of KS Kidney Support for Dogs and KM Kidney + Mobility Support for Cats; formulated by Veterinarians and PhD Animal Nutritionists to help manage kidney disease. The complimentary report on BUFF can be downloaded at:

Amplify Snack Brands  

On Monday, shares in Austin, Texas headquartered Amplify Snack Brands Inc. recorded a trading volume of 1.96 million shares, which was higher than their three months average volume of 835,230 shares. The stock ended the day 3.56% higher at $14.26. The Company's shares have gained 9.02% in the previous three months and 23.78% since the start of this year. The stock is trading above its 200-day moving average by 12.43%. Furthermore, shares of Amplify Snack Brands, which together with its subsidiaries, develops, markets, and distributes better-for-you snacking products in the US and Canada, have an RSI of 44.85.

On August 8th, 2016, Amplify Snack Brands announced that it will acquire Tyrrells, an international, market-leading and rapidly growing premium Better-For-You snack food business. Under the terms of the £300 million transaction, Tyrrells' current owner Investcorp and members of the Tyrrells' management team will receive approximately £278 million in cash and approximately 2.1 million shares of Amplify Snack Brands' common stock. Amplify expects to close the transaction by the end of the third quarter of calendar 2016. Visit us today and download our complete research report on BETR for free at:

Cal-Maine Foods  

Jackson, Mississippi-based Cal-Maine Foods Inc.'s stock climbed 0.05%, finishing yesterday's session at $43.41 and with a total volume of 445,654 shares traded. Shares of the Company, which produces, grades, packages, markets, and distributes shell eggs, are trading above their 50-day moving average by 1.35%. The stock has an RSI of 56.04.

On August 2nd, 2016, the company announced that it has signed a letter of intent to acquire substantially all of the assets of Foodonics International, Inc. and its related entities doing business as Dixie Egg Company. The assets to be acquired, include commercial egg production and processing facilities with capacity for approximately 1.6 million laying hens and related feed production, milling and distribution facilities in Georgia, Alabama and Florida. Get free access to your technical report on CALM at:


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