Annies (NYSE:BNNY) Few Shareholders to Offer 3.5 Million Shares

Annies Inc’s (NYSE:BNNY) announced on Friday that few shareholders will offer almost 3.5 million of its shares.

The selling stockholders of the organic-foods company are Solera Parters LP and SCI Partners LP, which owned around 38% shares together. Berkeley, California based Annie’s won’t get any proceeds from the sale.

Annie’s also announced on Friday that its board will recommend that shareholders vote to declassify the board at the coming yearly summit. If shareholders approve the offer, all of the firm’s directors would be elected yearly to serve 1 year tenures.

The organic-foods company had over 17.3 million shares outstanding as of February 1.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) rose +0.26% to settle at $19.11, The Hain Celestial Group, Inc. (NASDAQ:HAIN) moved up +0.33% to end at $54.94 while General Mills, Inc. (NYSE:GIS) jumped +0.30% to finish at $46.39 on Friday.

Annies Inc (NYSE:BNNY) on March 01, 2013 increased +0.71% to the closing price of $42.26. The overall volume in the last trading session was 310,767 shares. Its fifty two weeks range was $31.00 – $48.87. The total market capitalization remained at $732.72 million.

BNNY is ahead of its 52-week low with 36.32% and lagging behind from its 52-week high price with -13.53%. BNNY’s last month’s stock price volatility remained 2.60%. In its share capital BNNY has 17.34 million outstanding shares, among them 17.11 million shares have been floated in market exchange. BNNY’s stock’s institutional ownership remained 73.90% while insider ownership included 0.04%.

The stock price of BNNY is moving forward from its 20 days moving average with 9.37% and remote positively from 50 days moving average with 15.75%. BNNY’s current year’s earnings per share experienced a downfall of -51.34% while its current quarter performance remained at 19.75%.

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