NEW YORK, March 7, 2017 /PRNewswire/ --
The Food industry comprises a complex network of activities pertaining to the supply, consumption, and catering of food products and services across the world. Finished food products and partially prepared 'instant' food packets are also a part of the segment. For today, Stock-Callers.com tracks the recent performances of four major players in the Diversified Food space: Lamb Weston Holdings Inc. (NYSE: LW), Pinnacle Foods Inc. (NYSE: PF), Blue Buffalo Pet Products Inc. (NASDAQ: BUFF), and Amplify Snack Brands Inc. (NYSE: BETR). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
On Monday, shares in Lamb Weston Holdings Inc. recorded a trading volume of 1.78 million shares, which was above their three months average volume of 1.45 million shares. The stock ended the session 0.05% higher at $40.42. The Company's shares have gained 5.21% in the last one month, 24.97% over the previous three months, and 7.34% on an YTD basis. The stock is trading 6.69% above its 50-day moving average and 10.80% above its 200-day moving average. Moreover, shares of Lamb Weston Holdings, which is a supplier of frozen potato products internationally, have a Relative Strength Index (RSI) of 69.84.
On January 10th, 2017, Lamb Weston announced that net sales were $791 million in Q2 FY17, up 7% on a y-o-y basis. The Company's income from operations increased 15% to $126 million in Q2 FY17 from $110 million in Q2 FY16. Lamb Weston's diluted EPS increased 18% to $0.59 from $0.50 in the prior year's same period, and adjusted diluted EPS was $0.63, up 26% YoY.
On February 08th, 2017, research firm Goldman initiated a 'Neutral' rating on the Company's stock. Visit us today and access our complete research report on LW at:
Parsippany, New Jersey headquartered Pinnacle Foods Inc.'s stock closed the day 0.64% higher at $58.18 with a total trading volume of 866,099 shares. The Company's shares have advanced 9.03% in the past month, 21.24% in the previous three months, and 9.42% since the start of this year. The stock is trading 7.90% and 17.80% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Pinnacle Foods, which manufactures, markets, and distributes branded convenience food products in North America, have an RSI of 74.06.
On February 15th, 2017, research firm Deutsche Bank initiated a 'Buy' rating on the Company's stock, with a target price of $61 per share.
On February 23rd, 2017, Pinnacle reported that net sales in Q4 2016 increased 18.8% to $858.5 million compared to net sales of $722.5 million in Q4 2015. The Company's gross profit in Q4 2016 increased 20.1% to $267.6 million, or 31.2% of net sales, compared to gross profit of $222.8 million, or 30.8% of net sales, in Q4 2015. Pinnacle's net earnings in Q4 2016 increased 11.3% to $88.1 million, compared to net earnings of $79.2 million in Q4 2015. The complimentary report on PF can be downloaded at:
Blue Buffalo Pet Products
Shares in Wilton, Connecticut headquartered Blue Buffalo Pet Products Inc. recorded a trading volume of 1.44 million shares, which was higher than their three months average volume of 833,440 shares. The stock ended yesterday's trading session 2.19% lower at $24.55. The Company's shares have advanced 5.55% over the previous three months and 2.12% on an YTD basis. The stock is trading below its 50-day moving average by 1.07%. Furthermore, shares of Blue Buffalo Pet Products, which develops, produces, markets, and sells dog and cat food under the BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom, and BLUE Natural Veterinary Diet lines, have an RSI of 45.60.
On March 02nd, 2017, Blue Buffalo Company and NEADS/Dogs for Deaf and Disabled Americans announced that the Company will be the exclusive food provider for all dogs in the NEADS training program and throughout their career as service dogs. Register for free on Stock-Callers.com and access the latest research report on BUFF at:
Amplify Snack Brands
Austin, Texas headquartered Amplify Snack Brands Inc.'s stock finished Monday's session 6.50% lower at $9.21. A total volume of 1.15 million shares was traded, which was higher than their three months average volume of 563,200 shares. The Company's shares have advanced 4.54% since the start of this year. The stock is trading below its 50-day moving average by 7.87%. Additionally, 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 33.03.
On February 22nd, 2017, Amplify Snack announced that it will release financial results for Q4 and full year 2016, on March 08th, 2017, followed by an investor conference call at 3:30 p.m. CT. Get free access to your research report on BETR at:
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