Annie’s, Inc. (NYSE: BNNY), a leading natural and organic food company, announced that it has completed the acquisition of Safeway’s snack manufacturing plant in Joplin, Missouri, which has been Annie’s primary manufacturer of cookie and cracker products since the inception of its snacks business in 2002. Annie’s Baking, LLC, a subsidiary of Annie’s, Inc., acquired the plant for $6.0 million, plus the actual cost of inventory and supplies on hand at closing. The acquisition was funded with approximately $7.4 million in cash on hand. Concurrent with the closing of the transaction, Annie’s Baking, LLC also entered into a supply agreement to produce products on behalf of an affiliate of Safeway Inc. for a period of three years. Annies Inc (NYSE:BNNY) shares after opening at $32.90 moved to $32.80 on last trade day and at the end of the day closed at $31.90. Company price to sales ratio in past twelve months was calculated as 2.75 and price to cash ratio as 180.77. Annies Inc (NYSE:BNNY) showed a negative weekly performance of -4.12%.
CIT Group Inc. (NYSE:CIT) cit.com, announced that CIT Aerospace, a global leader in aircraft finance, signed a total of 55 agreements in the first quarter of 2014 for the current and future leases of commercial aircraft. CIT Aerospace delivered 28 aircraft, including new and used aircraft and lease extensions of the existing fleet, to its airline customers around the world. CIT Group Inc.(NYSE:CIT) shares fell -0.80% in last trading session and ended the day on $41.94. CIT return on equity ratio is recorded as 7.80% and its return on assets is 1.50%. CIT Group Inc.(NYSE:CIT) yearly performance is -3.83%.
EXPRESS, Inc. (NYSE:EXPR) announces the opening of its first factory outlet store at the Tanger Outlets National Harbor in Washington, D.C. The U.S. specialty retail apparel chain offering dual-gender fashion for going-out, casual and work, plans to open approximately thirty additional factory outlet locations throughout the U.S. in 2014. Express, Inc.(NYSE:EXPR) shares moved down -2.51% in last trading session and was closed at $13.97, while trading in range of $ 13.97 – 14.26. Express, Inc.(NYSE:EXPR) year to date (YTD) performance is -25.17%.
Cowen and Company began coverage on shares of Parametric Sound Corp (NASDAQ:HEAR) in a report released on Monday, The Fly On The Wall.com reports. The firm issued an outperform rating and a $16.00 price objective on the stock. Parametric Sound Corp (NASDAQ:HEAR) weekly performance is -5.13%. On last trading day company shares ended up $8.70. Parametric Sound Corp (NASDAQ:HEAR) distance from 50-day simple moving average (SMA50) is -33.22%. Analysts mean target price for the company is $21.50.
Jefferies Group cut their target price on shares of Ocwen Financial Corp (NYSE:OCN) from $52.00 to $42.00 in a research note issued on Friday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 30.68% from the company’s current price. Ocwen Financial Corp(NYSE:OCN) shares after opening at $33.67 moved to $33.67on last trade day and at the end of the day closed at $32.14. Company price to sales ratio in past twelve months was calculated as 1.99 and price to cash ratio as 24.37. Annies Inc (NYSE:BNNY) showed a negative weekly performance of -11.95%.
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