Diamond Foods (NASDAQ:DMND) maker of Emerald Nuts, Pop Secret popcorn and other snack foods spiked 9.72% on volume that was 527% higher than normal touching a new 52-week high at $33.73 and closing at $33.65. The average volume for Diamond Foods has been 210,600 shares per day over the past 30 days. Diamond Foods is now challenging resistance at the highs of the year, trading at a 3-month high.
Reportedly Diamond Foods (DMND) is said to be in talks with potential suitors, according to dealReporter. The company is reportedly working with Credit Suisse to assist in finding a potential buyer.
Diamond Foods (DMND) Will report earnings on September 29, 2015. Diamond Foods (DMND) EPS was up 109% last quarter and has a three-year EPS growth rate of 52% with a 8.58% annual ROE. With a market cap of $1.06 billion Diamond Foods (DMND) trades at a PE of 29. The stock is up 19.2% year to date, and today’s games represent nearly all of the 9.75% change in the last four weeks.
TheStreet upgraded Diamond Foods from a “hold” rating to a “buy” rating in a research report on Friday, August 7th, but not all analysts are positive. TheStreet upgraded Diamond Foods from a “hold” rating to a “buy” rating in a research report recently.
Consensus Ratings for Diamond Foods (NASDAQ:DMND)
| Ratings Breakdown: | 1 Hold Rating(s), 3 Buy Rating(s) |
| Consensus Rating: | Buy (Score: 2.75) |
| Consensus Price Target: | $31.75 |
Diamond Foods, Inc. (NASDAQ:DMND) is a packaged food company focused on building and energizing brands. Diamond focuses on processing, advertising and distributing snack products and culinary, in-shell and fixing nuts. Its products are sold by the Organization to mass merchandisers, along with to regional, national, global and independent drug, grocery store and convenience store chains, club stores and other retail channels