Seeking Alpha

Annie's, Inc. (BNNY), a small-cap natural foods company, has performed exceptionally well since its initial public offering last year. The IPO, led by Credit Suisse (CS) and JPMorgan (JPM), was highly anticipated and demanded by the street. Initially, the company planned to offer 5 million shares priced at $14-16 before upping the range to $16-$18. Shares eventually priced at $19 before rising almost 90% on the first day of trading. Since then shares haven't outperformed the broad markets but have still returned investors 10.7% post the first trading session. Annie's, primarily known for its organic mac and cheese, offers consumers a growing selection of organic offerings including pizza, dressings, cookies, crackers, and an array...

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