Pendulum
Long/short equity, value, special situations, Growth

Annie's: A Healthy Valuation For Natural Foods Growth

Annie's (NYSE:BNNY) is next in-line in my analysis of the natural foods mega-trend. Since its IPO in March 2012, Annie's has continued its growth thanks to products such as organic/natural pizzas and Mac & Cheese. The stock price had a nice run in 2013 and is now trading at the high-end of the $30-$50 post-IPO range. At current levels, Annie's is trading at a significant premium to its larger organic/natural foods peers. Annie's growth opportunities should allow it to grow into its healthy valuation, but the top end of the post-IPO trading range may be an obstacle in the short term. In this article I will analyze Annie's growth prospects and valuation. I will also compare it to...

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