Equities researchers at Lake Street Capital started coverage on shares of Boulder Brands (NASDAQ:BDBD) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Boulder Brands from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $18.10 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Boulder Brands from $16.00 to $19.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Boulder Brands from $11.00 to $14.00 in a research note to investors on Friday, August 2nd. They now have a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Boulder Brands presently has a consensus rating of “Buy” and an average price target of $17.27.
Boulder Brands (NASDAQ:BDBD) opened at 15.86 on Friday. Boulder Brands has a 52 week low of $7.74 and a 52 week high of $17.17. The stock’s 50-day moving average is $16.03 and its 200-day moving average is $12.58. The company has a market cap of $944.1 million and a price-to-earnings ratio of 141.61.
Boulder Brands (NASDAQ:BDBD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.01. The company had revenue of $110.70 million for the quarter, compared to the consensus estimate of $106.63 million. The company’s revenue for the quarter was up 45.7% on a year-over-year basis. On average, analysts predict that Boulder Brands will post $0.31 earnings per share for the current fiscal year.
Boulder Brands, Inc is a supplier of gluten-free and health and wellness products in the United States and Canada.
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