Armanino Foods of Distinction, Inc. produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco. The company offers its products under the Armanino brand. It markets its products through a network of food brokers and sells to retail and foodservice distributors, club-type stores, and industrial accounts. The company was founded in 1978 and is based in Hayward, California.

ARMANINO FOODS DIST INC

Shares of Armanino Foods of Distinction, Inc. AMNF have gained 8.7% since reporting second-quarter 2025 results, outperforming the S&P 500 index’s 0.6% growth over the same period. Over the past month, AMNF has risen 6%, also beating the S&P 500’s 2.1% advance. This strong post-earnings momentum suggests investor confidence in the company’s operational performance and growth trajectory.
In the second quarter ended June 30, 2025, AMNF posted net sales of $19.97 million, up 14% from $17.48 million in the year-ago period. Gross profit rose 26% year over year to $9.11 million, reflecting both higher sales volumes and improved margins. Operating expenses increased 13% to $2.79 million but remained steady as a percentage of sales at 13.9%. Net income climbed 27% to $4.85 million, translating into earnings per share (EPS) of 15.44 cents, a 30% increase from 11.86 cents a year earlier.
Armanino Foods of Distinction Inc. Price, Consensus and EPS Surprise
Other Key Business Metrics
The gross margin expansion was a highlight, supported by strategic sourcing, favorable raw material pricing and higher production volumes. These efficiencies, particularly in the core pesto and global sauce portfolios, enabled the company to deliver double-digit profit growth despite modestly higher operating costs.
Working capital stood at $25.7 million as of June 30, 2025, down slightly from $26.1 million at year-end due to increased shareholder returns via dividends and stock repurchases. Cash and equivalents totaled $23 million, down from $28 million six months earlier, largely from $5.5 million in dividend payments and $3.1 million in second-quarter share repurchases. Inventory rose to $7.6 million from $4.37 million at year-end, reflecting a deliberate build to meet anticipated second-half demand.
Management Commentary
President and CEO Deanna Jurgens emphasized the record-breaking nature of the quarter’s sales and profits, crediting the performance to continued momentum in foodservice and international markets, coupled with customer acquisitions and expanded distribution. She underscored the company’s ability to deliver margin improvement through disciplined cost management and favorable raw material sourcing, while holding operating expenses flat as a percentage of sales despite continued investment in long-term capabilities.
Management also reiterated its commitment to disciplined capital allocation, balancing shareholder returns with strategic investments. Plans are underway to invest $1.5 million in additional manufacturing capacity to support growth, reflecting confidence in sustained demand. While acknowledging emerging headwinds such as softness in parts of the restaurant sector and evolving trade dynamics, leadership conveyed confidence in managing these challenges.
Factors Influencing Headline Numbers
The top-line gain was fueled by strength across both domestic foodservice channels and international markets. Distribution gains and customer wins played a central role, while favorable commodity pricing, particularly for key inputs like basil, supported margin expansion. Scale efficiencies in production also contributed to profitability. The company’s ability to manage operating expenses relative to sales, even with increased wage costs, helped reinforce bottom-line growth.
Additionally, AMNF’s inventory buildup suggests proactive planning to mitigate potential supply-chain constraints and capitalize on expected seasonal demand surges later in the year. The company’s healthy liquidity position provides flexibility to weather short-term market fluctuations while funding growth initiatives.
Management View
The company pointed to continued investment in manufacturing capacity and product expansion. The strategy remains centered on sustaining high-margin growth through innovation, operational efficiency and market expansion, with a cautious watch on macroeconomic indicators, particularly in the foodservice sector.
Other Developments
In the quarter, AMNF continued executing its share repurchase program. In second-quarter 2025, the company bought back 390,916 shares for $3.1 million, bringing total repurchases under the program to 968,138 shares valued at $7.35 million. As of June 30, 2025, $4.65 million remained authorized for future buybacks.
On the leadership front, Deanna Jurgens assumed the role of president and CEO in May 2025, succeeding long-serving CFO Edgar Estonina, who resigned in June after more than 18 years with the company. Jurgens brings experience from Bonduelle Americas and Beyond Meat, and her tenure so far has emphasized brand expansion, operational efficiency and disciplined financial management.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Armanino Foods EPS Increases 30% Y/Y in Q2, Sales Rally 14%

The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARMANINO FOODS OF DISTINCTION INC (AMNF) is a small-cap growth stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Armanino Foods of Distinction, Inc. is engaged in the production and marketing of upscale and food products, including primarily frozen pesto and other sauces, frozen pasta products, cooked and frozen meat and poultry products. The Companys products categories include pestos and sauces and pastas. Its pestos and sauces include Alfredo Sauce, Artichoke Pesto, Bolognese Sauce, Chimichurri Sauce, Creamy Garlic Sauce, Dried Tomato and Garlic Pesto, and Harissa Sauce. Its pastas include Beef Canneloni, Beef Ravioli, Butternut Squash Ravioli, Cheese Manicotti, Cheese Stuffed Shells, Cheese Tortellini, Four Cheese Ravioli, Cheese & Spinach Ravioli, Jumbo Cheese Ravioli, Wild Mushroom Ravioli, Flat Pasta Sheets, Potato Gnocchi, and Tri Color Cheese Tortellini.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARMANINO FOODS OF DISTINCTION INC
BUILD-A-BEAR WORKSHOP, INC (BBW) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Build-A-Bear Workshop, Inc. is an experiential specialty retailer. It creates its own stuffed animals by participating in the stuffing, dressing, accessorizing, and naming of its own teddy bears and other plush toys based on the Companys own intellectual property and in conjunction with a variety of licenses. Its segments include direct-to-consumer (DTC), commercial, and international franchising. Its DTC segment includes the operating activities of corporately managed stores, other retail-delivered operations and online sales. Its commercial segment includes transactions with other businesses and comprises wholesale sales of merchandise, supplies and fixtures, licensing the Companys intellectual properties for third-party use, and entertainment activities. Its international franchising segment includes the activities of franchisees who operate store locations in certain countries and includes development fees, sales-based royalties, merchandise, supplies and fixture sales.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BUILD-A-BEAR WORKSHOP, INC
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Joel Greenblatt Strategy Daily Upgrade Report - 7/1/2025

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Scorecard
Wednesday, June 11, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), The Walt Disney Co. (DIS) and Advanced Micro Devices, Inc. (AMD), as well as two micro-cap stocks Armanino Foods of Distinction, Inc. (AMNF) and Optex Systems Holdings, Inc (OPXS). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
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The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Good News on Trade Deal, CPI Numbers
Today's Featured Research Reports
Shares of Apple have declined -4.5% over the past year against the Zacks Computer - Micro Computers industry’s decline of -4.9%. The company’s weakness in iPhone sales, particularly in China, is a concern. Increasing regulatory headwinds and tariffs are a concern for investors.
Nevertheless, Apple is benefiting from strong growth in Services revenues. It now has more than 1 billion paid subscribers across its Services portfolio, more than double what it had four years ago. The expanding content portfolio of Apple TV+ and Apple Arcade helped in driving subscriber growth.
Apple expects the June quarter’s (third-quarter fiscal 2025) revenues to grow low to mid-single digits on a year-over-year basis. The introduction of Apple Intelligence, an advanced personal intelligence system seamlessly integrated into iOS 18, iPadOS 18 and macOS Sequoia, is helping Apple sale more of its devices including iPhone.
(You can read the full research report on Apple here >>>)
Walt Disney’s shares have outperformed the Zacks Media Conglomerates industry over the past year (+18.9% vs. +16.2%). The company reported steady second-quarter fiscal 2025 results wherein revenues and earnings increased year-over-year. Domestic Parks & Experiences grew due to domestic parks, Disney Vacation Club and Disney Cruise Line, partially offset by declines at international locations including Shanghai Disney Resort and Hong Kong Disneyland Resort.
In Entertainment, DIS expects double-digit-percentage segment operating income growth in fiscal 2025. The Zacks analyst expects fiscal 2025 net sales to increase 3.7% from fiscal 2024.
However, Disney+’s profitability is expected to be hurt by higher investments in content, which will also increase programming and production costs in the Entertainment segment. For fiscal Q3, Disney expects a modest increase in its Disney+ subscriber base on a sequential basis. Its leveraged balance sheet remains a concern.
(You can read the full research report on Walt Disney here >>>)
Shares of AMD have gained +1.5% over the year-to-date period against the Zacks Computer - Integrated Systems industry’s gain of +17.5%. The company is benefiting from robust Data Center and Client revenues that fully offset sluggishness in the Gaming and Embedded segments. Data centers are benefiting from solid adoption of fifth-gen EPYC Turin processors and expanding Instinct AI accelerator deployments across hyperscalers and enterprises.
New product launches, such as the Ryzen 9 9950 X3D and Radeon 9070 series, have been a major growth driver. Gross margin expanded for the fifth consecutive quarter, driven by a more diverse Ryzen mix. AMD’s expanding partner base, including Microsoft, Oracle, DELL, HPE, Lenovo, and Supermicro, has been a key catalyst.
AMD is also expanding its portfolio through acquisitions. However, AMD has been suffering from stiff competition, particularly from NVIDIA. Export controls on certain Instinct GPUs to China posed a regulatory challenge.
(You can read the full research report on AMD here >>>)
Armanino Foods of Distinction’s shares have outperformed the Zacks Food - Miscellaneous industry over the past year (+53.1% vs. -4.3%). This microcap company with a market capitalization of $252.15 million, presents a compelling investment case, driven by robust margin expansion, capital discipline and operational scalability. First-quarter 2025 net income surged 70% year over year, fueled by pricing strength, cost optimization and SG&A leverage. A structurally leaner model supports long-term profit growth.
AMNF expanded its buyback to $12 million, repurchasing $4 million in shares and boosting EPS by 72%, underscoring prudent capital allocation. With zero debt and $23.8 million in cash, it retains strategic flexibility.
Ongoing infrastructure upgrades and a $1.5-million capex plan enhance scalability. New CEO Deanna Jurgens brings proven growth leadership. A diversified distribution base, resilient financials and strong quality controls strengthen AMNF’s defensibility and positioning for sustainable value creation.
(You can read the full research report on Armanino Foods of Distinction here >>>)
Shares of Optex Systems have gained +35.7% over the past year against the Zacks Aerospace - Defense Equipment industry’s gain of +42%. This microcap company with a market cap of $71.27 million offers long-term revenue visibility supported by a $46 million-plus order backlog, including notable awards from BAE Systems and for XM157 laser filter units. Strong alignment with defense programs like the Bradley Fighting Vehicle drives demand across periscopes and laser optics.
For H1 FY25, revenue grew 22.2% YoY to $18.9 million, led by a surge in periscope and laser filter sales. Gross margin rose to 29% on operating efficiencies. Cash improved to $3.5 million, enabling debt-free operations and reinvestment. The Applied Optics Center, contributing 49% of revenues, remains a high-margin engine. Optex also ramped up production by 50% to meet backlog execution needs.
However, risks include 52% revenue concentration among government clients, a 12.3% drop in new orders, persistent supply chain pressures, and contract loss reserves tied to legacy fixed-price deals.
(You can read the full research report on Optex Systems here >>>)
Other noteworthy reports we are featuring today include KLA Corp. (KLAC), Robinhood Markets, Inc. (HOOD) and Telefónica, S.A. (TEF).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Strong Services to Aid Apple (AAPL) Amid Tariff Headwinds
Disney (DIS) Banks on Disney+, Theme Parks Business Growth
AMD Rides on Strong Adoption of EPYC & Ryzen Processors
Featured Reports
Diversification Aids Robinhood (HOOD), Regulatory Costs Ail
Per the Zacks analyst, Robinhood's efforts to diversify products to win new clients and gain market share will aid growth. Operating in a highly regulated industry results in fines, hurting profits.
5G Expansion Drives Telefonica (TEF) Amid Forex Challenges
Per the Zacks analyst, Telefonica's broadened 5G footprint across Spain, Germany and Brazil is strengthening its position. Global presence makes it susceptible to FX volatility.
Global Payments (GPN) Ride High on Buyouts, Rising Costs Hurt
Per the Zacks Analyst, buyouts and tie-ups added capabilities to the company's portfolio, which in turn, boosted revenues. However, escalating expenses remain a concern for the company.
Illumina (ILMN) Banks on NovaSeq X Success, China Woes Worry
The Zacks analyst is impressed with Illumina's strong progress with the NovaSeq X transition, expected to fuel major growth in 2025. Yet, China's ban of its NGS sequencers add to the mounting risks.
Dividends & Buyback Aid C.H. Robinson (CHRW) Amid High Debt
Per the Zacks Analyst, C.H. Robinson's measures to reward shareholders through dividends and share buybacks are encouraging. High debt remains a concern.
Viatris (VTRS) Branded Business Doing Well, High Debt a Woe
Per the Zacks analyst, expansion of branded business is boosting Viatris' top-line. The company's efforts to restructure business is positive. However, high level of debt is a concern
Strategic Acquisitions Aid TopBuild (BLD), Macro Woes Ail
Per the Zacks analyst, TopBuild is benefiting from strength in its Specialty Distribution segment and accretive buyout strategies. However, weak housing demand and inflationary woes remains a concern.
New Upgrades
Strong Demand for HBM and Advanced Packaging Aids KLA (KLAC)
Per the Zacks analyst, KLA is benefiting from strong demand for high bandwidth memory (HBM) and advanced packaging solutions.
Sprouts Farmers' (SFM) Omnichannel Offering to Propel Sales
Per the Zacks analyst, Sprouts Farmers' ability to deliver a seamless omnichannel experience enhances customer loyalty. E-commerce sales rose 28% in the first quarter, representing 15% of net sales.
Rising Defense Demand Drives Growth for Triumph Group (TGI)
Per the Zacks analyst, Triumph Group gains from rising commercial and defense products' demand. Improving commercial air traffic and escalating geopolitical tensions bolster the stock's prospects.
New Downgrades
Rising Expenses & Oil Price Volatility Ail SM Energy (SM)
Per the Zacks analyst, SM Energy's profits suffer due to declining oil prices and rising lease operating and transportation costs, threatening future revenue and cash flow stability.
American Eagle (AEO) Grapples With Macro & Other Headwinds
Per the Zacks analyst, American Eagle has been struggling with the impacts of a tough macroeconomic landscape, including tariff concerns. Revenues are likely to dip 5% in second-quarter fiscal 2025.
Escalating Costs & Operating Expenses Hurts Cimpress (CMPR)
Per the Zacks analyst, Cimpress' revenue growth and operational efficiencies are being dampened by a steep rise in operating costs and expenses, which is hurting the company's bottom line.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
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Apple Inc. (AAPL) : Free Stock Analysis Report
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Telefonica SA (TEF) : Free Stock Analysis Report
KLA Corporation (KLAC) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Armanino Foods of Distinction Inc. (AMNF): Free Stock Analysis Report
Optex Systems Holdings Inc. (OPXS): Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
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Top Research Reports for Apple, Walt Disney & AMD

The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARMANINO FOODS OF DISTINCTION INC (AMNF) is a small-cap growth stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Armanino Foods of Distinction, Inc. is engaged in the production and marketing of upscale and food products, including primarily frozen pesto and other sauces, frozen pasta products, cooked and frozen meat and poultry products. The CompanyGs products categories include pestos and sauces and pastas. Its pestos and sauces include Alfredo Sauce, Artichoke Pesto, Bolognese Sauce, Chimichurri Sauce, Creamy Garlic Sauce, Dried Tomato and Garlic Pesto, and Harissa Sauce. Its pastas include Beef Canneloni, Beef Ravioli, Butternut Squash Ravioli, Cheese Manicotti, Cheese Stuffed Shells, Cheese Tortellini, Four Cheese Ravioli, Cheese & Spinach Ravioli, Jumbo Cheese Ravioli, Wild Mushroom Ravioli, Flat Pasta Sheets, Potato Gnocchi, and Tri Color Cheese Tortellini.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARMANINO FOODS OF DISTINCTION INC
AMNF Guru Analysis
AMNF Fundamental Analysis
LEGACY HOUSING CORP (LEGH) is a small-cap value stock in the Mobile Homes & RVs industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses that are distributed through a network of independent retailers and Company-owned stores and also sold directly to manufactured home communities. The Company has operations focused primarily on the southern United States. Its homes are marketed under its premier Legacy brand name and are sold to consumers, primarily across 15 states, through a network of over 125 independent retail locations, 13 Company-owned retail locations and through direct sales to owners of manufactured home communities. Its 13 Company-owned retail locations, including 12 Heritage Housing stores and one Tiny House Outlet store, exclusively sell its homes. It provides inventory financing for its independent retailers who purchase homes and then sell them to consumers. It provides consumer financing for its products, which are sold to end-users through both independent and Company-owned retail locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of LEGACY HOUSING CORP
LEGH Guru Analysis
LEGH Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Joel Greenblatt Strategy Daily Upgrade Report - 5/29/2025

The following are today's upgrades for Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARMANINO FOODS OF DISTINCTION INC (AMNF) is a small-cap growth stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 70% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Armanino Foods of Distinction, Inc. is engaged in the production and marketing of upscale and food products, including primarily frozen pesto and other sauces, frozen pasta products, cooked and frozen meat and poultry products. The CompanyGs products categories include pestos and sauces and pastas. Its pestos and sauces include Alfredo Sauce, Artichoke Pesto, Bolognese Sauce, Chimichurri Sauce, Creamy Garlic Sauce, Dried Tomato and Garlic Pesto, and Harissa Sauce. Its pastas include Beef Canneloni, Beef Ravioli, Butternut Squash Ravioli, Cheese Manicotti, Cheese Stuffed Shells, Cheese Tortellini, Four Cheese Ravioli, Cheese & Spinach Ravioli, Jumbo Cheese Ravioli, Wild Mushroom Ravioli, Flat Pasta Sheets, Potato Gnocchi, and Tri Color Cheese Tortellini.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD:
NEUTRAL
RETURN ON TANGIBLE CAPITAL:
NEUTRAL
FINAL RANKING:
FAIL
Detailed Analysis of ARMANINO FOODS OF DISTINCTION INC
AMNF Guru Analysis
AMNF Fundamental Analysis
CONSENSUS CLOUD SOLUTIONS INC (CCSI) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Joel Greenblatt changed from 0% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Consensus Cloud Solutions, Inc. is a digital fax provider. The Company provides secure information delivery services with a scalable software-as-a-service platform. It provides data transformation solutions for regulated industries such as healthcare, finance, insurance, real estate and manufacturing, as well as technology for state and the federal government. Its solutions consist of cloud faxing; digital signature; intelligent data extraction using natural language processing and artificial intelligence; robotic process automation; interoperability; workflow enhancement, and a connectivity and integration engine for healthcare providers. The Company's solutions can be combined with managed services for optimal outcomes. Its small office/home office (SoHo) brands include eFax, jSign, MyFax, Sfax, Metrofax, and SRfax. Its solutions include eFax Corporate, ECFax, Unite, jSign, Conductor, Clarity and eFax. Conductor is a robust interface engine and complete interoperability platform.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD:
NEUTRAL
RETURN ON TANGIBLE CAPITAL:
NEUTRAL
FINAL RANKING:
PASS
Detailed Analysis of CONSENSUS CLOUD SOLUTIONS INC
CCSI Guru Analysis
CCSI Fundamental Analysis
SGHC LTD (SGHC) is a mid-cap growth stock in the Recreational Activities industry. The rating according to our strategy based on Joel Greenblatt changed from 50% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: SGHC Limited is a holding company engaged in online sports betting and gaming. The Company operates through two business segments: Betway and Spin. Betway is the premier online sportsbook operating under a single brand, offering sports betting and casino entertainment. Betway has a global footprint, holding licenses throughout Europe, the Americas and Africa, with approximately 60 brand partnerships with teams and leagues worldwide. The Spin is a multi-brand online casino offering, with market leadership in high-growth markets. It has a diverse portfolio of approximately 16 casino brands, which offer a range of casino products. Its subsidiaries include Pindus Holdings Limited, Fengari Holdings Limited, and SG Media Limited.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD:
NEUTRAL
RETURN ON TANGIBLE CAPITAL:
NEUTRAL
FINAL RANKING:
FAIL
Detailed Analysis of SGHC LTD
SGHC Guru Analysis
SGHC Fundamental Analysis
GETTY IMAGES HOLDINGS INC (GETY) is a small-cap growth stock in the Business Services industry. The rating according to our strategy based on Joel Greenblatt changed from 0% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Getty Images Holdings, Inc. is a global visual content creator and marketplace company. The Company offers a full range of content solutions to meet the needs of any customer around the globe. Through its Getty Images, iStock and Unsplash brands, websites and application programming interfaces (APIs), the Company serves customers and discovers, purchases and shares visual content from photographers and videographers. The Company covers approximately 160,000 news, sport and entertainment events, providing depth and breadth of coverage. The Company also maintains photographic archives in the world with millions of images dating back to the beginning of photography. It works with approximately 557,000 contributors and more than 320 content partners to deliver a range of content. Its Getty Images, iStock, and Unsplash brands categorize its content and services into three categories: Creative, Editorial, and Other. Its Gettyimages.com offers premium creative content and editorial coverage.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD:
NEUTRAL
RETURN ON TANGIBLE CAPITAL:
NEUTRAL
FINAL RANKING:
PASS
Detailed Analysis of GETTY IMAGES HOLDINGS INC
GETY Guru Analysis
GETY Fundamental Analysis
CONAGRA BRANDS INC (CAG) is a large-cap growth stock in the Food Processing industry. The rating according to our strategy based on Joel Greenblatt changed from 80% to 90% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Conagra Brands, Inc. is a consumer-packaged goods food company. The CompanyGs segments include Grocery & Snacks that includes branded, shelf-stable food products sold in various retail channels in the United States; Refrigerated & Frozen segment includes branded, temperature-controlled food products sold in various retail channels in the United States; International segment principally includes branded food products in various temperature states, sold in various retail and foodservice channels outside of the United States, and Foodservice segment includes branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments primarily in the United States. Its brands include Birds Eye, Duncan Hines, Healthy Choice, Marie CallenderGs, Reddi-wip, and BOOMCHICKAPOP. It also offers FATTY Smoked Meat Sticks made with quality pork and beef smoked with hickory wood.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS YIELD:
NEUTRAL
RETURN ON TANGIBLE CAPITAL:
NEUTRAL
FINAL RANKING:
PASS
Detailed Analysis of CONAGRA BRANDS INC
CAG Guru Analysis
CAG Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Joel Greenblatt Strategy Daily Upgrade Report - 5/13/2025

Wednesday, April 23, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including The Coca-Cola Co. (KO), Abbott Laboratories (ABT) and RTX Corp. (RTX), as well as two micro-cap stocks Investors Title Co. (ITIC) and Armanino Foods of Distinction, Inc. (AMNF). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Pre-Markets Back Up on Softening Stance from the White House
Today's Featured Research Reports
Coca-Cola’s shares have outperformed the Zacks Beverages - Soft drinks industry over the past year (+23.1% vs. +5.6%). The company experiences positive business trends, as evidenced by its strong track record of beating expectations. In fourth-quarter 2024, the company exceeded sales and earnings estimates for the eighth consecutive quarter, with earnings showing year-over-year improvement.
Results benefited from continued business momentum, aided by higher pricing across markets facing intense inflation and favorable mix. Coca-Cola's all-weather strategy, combining marketing, innovation and revenue growth management, supports its vision of a total beverage company and is expected to drive revenue growth in 2025.
Coca-Cola has provided an optimistic view for 2025. However, Coca-Cola faces inflationary cost pressures due to higher commodity and material costs, as well as increased marketing investments.
(You can read the full research report on Coca-Cola here >>>)
Shares of Abbott have outperformed the Zacks Medical - Products industry over the past year (+25.6% vs. +5.9%). The company’s pipeline is unlocking new growth opportunities, supporting the company’s positive momentum and strong growth outlook for 2025. Freestyle Libre, Lingo and Libre Rio CGM devices are on a great trajectory. Alinity, the company’s next-generation suite of systems, is a key driver in the core lab diagnostics business.
Abbott is optimistic about its latest progress with biosimilars and expects this to significantly boost EPD sales, beginning 2025. Within Nutrition, despite softness in international pediatric arm, Abbott is regaining market share banking on strong Adult Nutrition business.
Yet, the significant runoff of COVID-19 testing-related sales is hurting Abbott’s Diagnostics growth. Headwinds such as tough macro conditions and foreign exchange also adds to the worry.
(You can read the full research report on Abbott here >>>)
RTX’s shares have outperformed the Zacks Aerospace - Defense industry over the past year (+21.5% vs. +1.8%). The company ended the first quarter of 2025 on a solid note, with both its earnings and revenues having surpassed their respective Zacks Consensus Estimates.
RTX continues to receive ample orders for its wide range of combat-proven defense products, which resulted in RTX registering a robust defense backlog of $92 billion as of March 31, 2025. Steadily improving commercial air traffic has also been boosting the company's sales. RTX’s shares have outperformed its industry in the past year.
However, the uncertainties created by the recent imposition of U.S.-issued import tariffs and the counter-tariffs from other nations pose a risk for RTX. Supply-chain challenges continue to affect the aerospace sector, which may adversely affect RTX’s performance. The stock’s forward 12-month EV/SALES ratio is unimpressive when compared to its industry.
(You can read the full research report on RTX here >>>)
Shares of Investors Title have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+62.7% vs. +25.4%). This microcap company with market capitalization of $505.52 million remains committed to shareholder returns, maintaining a $0.46 quarterly dividend and issuing a $14.00 special dividend in December 2024, all funded through robust cash reserves.
In 2024, title insurance premiums rose 19.3% to $204.3 million, with agency-sourced premiums up 27%, driven by favorable mortgage trends and geographic expansion. Operational improvements, including a 3.7% headcount reduction and lower personnel costs, boosted after-tax margins to 12%. Strategic IT investments support compliance and client trust in a digital-first environment.
However, margin pressure is rising due to elevated commission payouts and a looming 10% rate cut in Texas. Regulatory costs are mounting across key states, and competition from larger national peers is intensifying. Off-balance sheet fiduciary risks, including $323.5 million in 1031 exchange deposits, further heighten operational exposure.
(You can read the full research report on Investors Title here >>>)
Armanino Foods of Distinction’s shares have outperformed the Zacks Food - Miscellaneous industry over the past year (+41% vs. -8.5%). This microcap company with market capitalization of $238.75 million delivered record profitability in 2024, driven by a gross margin expansion to 44% from 34.5%, reflecting improved operational efficiency, disciplined cost controls and strategic Capex.
A strong balance sheet, with $28.22 million in cash, no debt and $26.2 million in working capital, supports its $12-million repurchase program and $1.5-million capex plan for 2025. Sales were $69.42 million (up 9% year over year), with diversified channel growth and expanding international reach.
Consistent dividends, including 11 specials, highlight robust cash flow and earnings quality. Certified “AA” for food safety, Armanino Food’s high compliance standards support brand strength. Net income jumped 67% to $14.62 million, with the operating margin rising to 26.3%. Leadership continuity and insider alignment further reinforce long-term value creation.
(You can read the full research report on Armanino Foods of Distinction here >>>)
Other noteworthy reports we are featuring today include Netflix, Inc. (NFLX), Roche Holding AG (RHHBY) and Lowe's Companies, Inc. (LOW).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Coca-Cola's (KO) Innovations & Pricing Efforts Bode Well
Market Expansion, EPD Business Growth Aid Abbott (ABT)
Defense Orders Drive RTX Corporation (RTX), Despite Supply Chain Woes
Featured Reports
Netflix (NFLX) Rides on Subscriber Growth, Original Content
Per the Zacks analyst, Netflix's robust content portfolio is helping it gain ground globally. Increase in paid membership is driving the topline of the company.
Vabysmo, Phesgo Fuel Roche (RHHBY), Pipeline Setbacks a Woe
Per the Zacks analyst, strong growth of Vabysmo, Phesgo, Ocrevus and Hemlibra boost Roche's top-line as legacy drugs face biosimilars. However, pipeline setbacks are a headwind.
Lowe's (LOW) Omnichannel, Pro Customer Strategy to Lift Sales
Per the Zacks analyst, Lowe's pro customer strategy and omni-channel efforts could drive sales growth. Online comparable sales rose 9.5% during the fourth quarter of fiscal 2024.
Traction in Battery Management Solutions Aid Analog Devices (ADI)
Per the Zacks analyst, Analog Devices is benefiting from a strong momentum in the electric vehicle space on the back of its robust Battery Management System solutions.
Uniform Rental Unit to Aid Cintas (CTAS) amid Rising Costs
Per the Zacks analyst, Cintas' Uniform Rental and Facility Services unit is driven by the penetration of additional products and services into existing customers. High costs remain a concern.
Canadian Natural (CNQ) to Gain from 100% Ownership in AOSP
The Zacks analyst believes Canadian Natural's strategic acquisitions, including full AOSP ownership, will significantly improve its production capacity and cash flow prospects.
W.R. Berkley (WRB) Solid Insurance Business Aid, Cat Loss Ail
Per the Zacks analyst, W.R. Berkley's Insurance business is set to grow on rate increases, and improving premiums from international unit. Yet, exposure to cat loss, increasing expenses drag margins.
New Upgrades
Affirm (AFRM) Rides On Active Merchant Numbers & GMV Growth
The Zacks Analyst expects growth in Affirm's active merchant numbers and improvement in Gross Merchandise Value to fuel its top line. New deals and expansions will support performance boost.
Jazz's (JAZZ) Oncology Drugs Fuel Sales & Diversification
While Jazz's sleep disorder portfolio has exhibited strong demand, the Zacks Analyst is impressed with the company's oncology drugs whose sales diversify the existing marketed portfolio.
Loan Demand, Manageable Costs Support Hilltop Holdings (HTH)
Per the Zacks analyst, decent loan demand, relatively higher rates and prudent expense management will aid Hilltop Holdings. A solid balance sheet makes its capital distributions sustainable.
New Downgrades
Competition and Nil Dividend Payout Hurts Palantir (PLTR)
Per the Zacks analyst, high competition demands tech and talent investment, raising Palantir's difficulty in balancing growth and profitability. A nil dividend payout deters income-seeking investors.
High-Debt Burden & Stiff Rivalry Ail Western Digital (WDC)
Per the Zacks analyst, stiff competition from other major storage players limits the growth prospects of Western Digital. Customer concentration and leveraged balance sheet are added woes.
Delay in Rate Approval & Seasonality Ail FirstEnergy (FE)
Per the Zacks analyst, FirstEnergy's financial condition could be negatively impacted by a delay in base rate request approval. Unfavorable weather conditions might also lower the top line.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Abbott Laboratories (ABT) : Free Stock Analysis Report
Roche Holding AG (RHHBY) : Free Stock Analysis Report
CocaCola Company (The) (KO) : Free Stock Analysis Report
Netflix, Inc. (NFLX) : Free Stock Analysis Report
Lowe's Companies, Inc. (LOW) : Free Stock Analysis Report
Investors Title Company (ITIC) : Free Stock Analysis Report
Armanino Foods of Distinction Inc. (AMNF): Free Stock Analysis Report
RTX Corporation (RTX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Coca-Cola, Abbott & RTX

The following are today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.
LANDMARK BANCORP INC (LARK) is a small-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Landmark Bancorp, Inc. is a financial holding company. The CompanyGs business consists of the ownership of Landmark National Bank (the Bank) and Landmark Risk Management, Inc., which are wholly owned subsidiaries of the Company. The Bank's primary deposit gathering and lending markets are geographically diversified throughout central, eastern, southeast, and southwest Kansas. The Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate one-to-four family residential real estate, construction and land, commercial real estate, commercial, agricultural, municipal and consumer loans. The Bank also invests in certain investment and mortgage-related securities using deposits and other borrowings as funding sources. Landmark Risk Management, Inc. is a captive insurance company, which provides property and casualty insurance coverage to the Company and the Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PROFIT MARGIN:
PASS
RELATIVE STRENGTH:
PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR:
FAIL
INSIDER HOLDINGS:
PASS
CASH FLOW FROM OPERATIONS:
PASS
PROFIT MARGIN CONSISTENCY:
FAIL
R&D AS A PERCENTAGE OF SALES:
NEUTRAL
CASH AND CASH EQUIVALENTS:
PASS
"THE FOOL RATIO" (P/E TO GROWTH):
FAIL
AVERAGE SHARES OUTSTANDING:
PASS
SALES:
PASS
DAILY DOLLAR VOLUME:
FAIL
PRICE:
PASS
INCOME TAX PERCENTAGE:
FAIL
Detailed Analysis of LANDMARK BANCORP INC
LARK Guru Analysis
LARK Fundamental Analysis
NEDBANK GROUP LTD (ADR) (NDBKY) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Nedbank Group Limited is a South Africa-based company engaged in offering wholesale and retail banking, as well as insurance, asset management and wealth management services. The Company's segment includes Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, and Nedbank Africa Regions (NAR). Nedbank Corporate and Investment Banking offers the full spectrum of transactional, corporate, investment banking and markets solutions. These solutions include lending products, advisory services, leverage financing, trading, and others. The Nedbank Retail and Business Banking retail product portfolio includes transactional accounts, home loans, vehicle and asset finance, cards, personal loans and investments. Nedbank Wealth provides insurance, asset management and wealth management solutions. NAR offers banking and related services across NAR for retail clients, small and medium enterprises, larger businesses and corporates, as well as institutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PROFIT MARGIN:
PASS
RELATIVE STRENGTH:
FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR:
PASS
INSIDER HOLDINGS:
FAIL
CASH FLOW FROM OPERATIONS:
PASS
PROFIT MARGIN CONSISTENCY:
FAIL
R&D AS A PERCENTAGE OF SALES:
NEUTRAL
CASH AND CASH EQUIVALENTS:
PASS
"THE FOOL RATIO" (P/E TO GROWTH):
PASS
AVERAGE SHARES OUTSTANDING:
PASS
SALES:
FAIL
DAILY DOLLAR VOLUME:
FAIL
PRICE:
PASS
INCOME TAX PERCENTAGE:
PASS
Detailed Analysis of NEDBANK GROUP LTD (ADR)
NDBKY Guru Analysis
NDBKY Fundamental Analysis
ARMANINO FOODS OF DISTINCTION INC (AMNF) is a small-cap growth stock in the Food Processing industry. The rating according to our strategy based on Motley Fool changed from 59% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Armanino Foods of Distinction, Inc. is engaged in the production and marketing of upscale and food products, including primarily frozen pesto and other sauces, frozen pasta products, cooked and frozen meat and poultry products. The CompanyGs products categories include pestos and sauces and pastas. Its pestos and sauces include Alfredo Sauce, Artichoke Pesto, Bolognese Sauce, Chimichurri Sauce, Creamy Garlic Sauce, Dried Tomato and Garlic Pesto, and Harissa Sauce. Its pastas include Beef Canneloni, Beef Ravioli, Butternut Squash Ravioli, Cheese Manicotti, Cheese Stuffed Shells, Cheese Tortellini, Four Cheese Ravioli, Cheese & Spinach Ravioli, Jumbo Cheese Ravioli, Wild Mushroom Ravioli, Flat Pasta Sheets, Potato Gnocchi, and Tri Color Cheese Tortellini.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PROFIT MARGIN:
PASS
RELATIVE STRENGTH:
FAIL
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR:
FAIL
INSIDER HOLDINGS:
FAIL
CASH FLOW FROM OPERATIONS:
PASS
PROFIT MARGIN CONSISTENCY:
PASS
R&D AS A PERCENTAGE OF SALES:
NEUTRAL
CASH AND CASH EQUIVALENTS:
PASS
INVENTORY TO SALES:
PASS
ACCOUNTS RECEIVABLE TO SALES:
PASS
LONG TERM DEBT/EQUITY RATIO:
PASS
"THE FOOL RATIO" (P/E TO GROWTH):
PASS
AVERAGE SHARES OUTSTANDING:
PASS
SALES:
PASS
DAILY DOLLAR VOLUME:
FAIL
PRICE:
PASS
INCOME TAX PERCENTAGE:
FAIL
Detailed Analysis of ARMANINO FOODS OF DISTINCTION INC
AMNF Guru Analysis
AMNF Fundamental Analysis
OHIO VALLEY BANC CORP (OVBC) is a small-cap growth stock in the Money Center Banks industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ohio Valley Banc Corp. is a financial holding company, which owns The Ohio Valley Bank Company (the Bank). The Bank is engaged in commercial and retail banking. The Bank is a full-service financial institution offering a blend of commercial and consumer banking services within southeastern Ohio as well as western West Virginia. The banking services offered by the Bank include the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal and commercial loans; and the making of construction and real estate loans. The Bank offers individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. As part of its lending function, the Bank offers credit card services. In addition to originating loans, the Bank invests in United States government and agency obligations, interest-bearing deposits in other financial institutions, and other investments permitted by applicable law.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
PROFIT MARGIN:
PASS
RELATIVE STRENGTH:
PASS
COMPARE SALES AND EPS GROWTH TO THE SAME PERIOD LAST YEAR:
FAIL
INSIDER HOLDINGS:
PASS
CASH FLOW FROM OPERATIONS:
PASS
PROFIT MARGIN CONSISTENCY:
FAIL
R&D AS A PERCENTAGE OF SALES:
NEUTRAL
CASH AND CASH EQUIVALENTS:
PASS
"THE FOOL RATIO" (P/E TO GROWTH):
FAIL
AVERAGE SHARES OUTSTANDING:
PASS
SALES:
PASS
DAILY DOLLAR VOLUME:
FAIL
PRICE:
PASS
INCOME TAX PERCENTAGE:
FAIL
Detailed Analysis of OHIO VALLEY BANC CORP
OVBC Guru Analysis
OVBC Fundamental Analysis
Motley Fool Portfolio
About Motley Fool: Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' "Fool" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea Motley Fool Strategy Daily Upgrade Report - 4/22/2025

Interested in Investing in Micro-Cap Stocks?

Wednesday, October 30, 2024
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Amazon.com, Inc. (AMZN), Johnson & Johnson (JNJ) and Boston Scientific Corp. (BSX), as well as a micro-cap stock Armanino Foods of Distinction, Inc. (AMNF). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Amazon.com’s shares have outperformed the Zacks Internet - Commerce industry over the year-to-date period (+27.2% vs. +25.4%). The company is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Strengthening relationships with third-party sellers is a positive.
Amazon.com’s expanding global presence and solid momentum among the small and medium businesses, remain a plus. Growing adoption of AWS is aiding Amazon’s cloud dominance. Deepening focus on generative AI is a major plus. Also, improving Alexa skills along with robust smart home products offerings are tailwinds. Growing capabilities in grocery, pharmacy, healthcare and autonomous driving are other positives.
However, macroeconomic challenges remain headwinds. Amazon issued weak third-quarter 2024 revenue guidance due to the changing shopping pattern of consumers, which is a negative.
(You can read the full research report on Amazon.com here >>>)
Shares of Johnson & Johnson have gained +3.6% over the year-to-date period against the Zacks Large Cap Pharmaceuticals industry’s gain of +19.1%. The company beat third-quarter estimates for earnings and sales. Its Innovative Medicine unit is performing at above-market levels. Growth is being driven by existing products like Darzalex, Tremfya and Erleada and also continued uptake of new launches, including Spravato, Carvykti and Tecvayli.
J&J is making rapid progress with its pipeline and line extensions with important readouts lined up for 2025. However, sales in the MedTech segment have been lower than expected due to Asia-Pacific headwinds, specifically in China.
J&J faces the upcoming patent expiration of the blockbuster drug Stelara in January 2025, which will hurt the drug’s sales. J&J is incurring huge legal expenses due to the pending lawsuits related to its talc products.
(You can read the full research report on Johnson & Johnson here >>>)
Boston Scientific’s shares have outperformed the Zacks Medical - Products industry over the year-to-date period (+45.9% vs. +15.3%). The company is seeing strength across target markets despite macroeconomic concerns, currency headwinds and related cost inflation. Strong worldwide demand for its MedSurg and Structural Heart lines, traction in United States and outside for its the next generation WATCHMAN FLX and FLX Pro, as well as contribution from accretive acquisitions are important drivers.
The Pain and Brain franchisees are expected to gain solid traction in 2024 banking on strong execution of core growth strategies. The Electrophysiology arm continues to gain momentum on sustained adoption of FARAPULSE PFA. The 2024 guidance indicating strong growth over 2023 builds confidence in the stock.
On the flip side, mounting costs due to worldwide geopolitical issues are major concerns. FX headwinds continue to largely offset the company’s performance.
(You can read the full research report on Boston Scientific here >>>)
Shares of Armanino Foods of Distinction have outperformed the Zacks Food - Miscellaneous industry over the year-to-date period (+51.5% vs. +1.1%). This microcap company with market capitalization of $224.1 million presents a compelling investment case, driven by record-breaking financial performance, strong cash reserves and market dominance in key categories.
Third-quarter 2024 saw Armanino Foods' highest-ever sales and profits, with nine-month net sales growing 7% year over year to $50.9 million and a 65% rise in pre-tax income, boosted by improved margins. The company’s profitability, driven by cost-cutting and efficiency gains, has supported an 81% quarterly net income increase.
With $24.3 million in cash and a steady dividend policy, AMNF is positioned for growth without tapping its credit line. Its 65% share in food service pesto and expansion into new U.S. retail regions underscore its brand strength. Focused on product innovation and operational efficiency, Armanino Foods is set for growth and future acquisitions, enhancing shareholder value.
(You can read the full research report on Armanino Foods of Distinction here >>>)
Other noteworthy reports we are featuring today include CME Group Inc. (CME), The Bank of New York Mellon Corp. (BK) and Leidos Holdings, Inc. (LDOS).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN)
J&J's (JNJ) Innovative Medicine Strong, MedTech Slows Down
New Buyouts Aid Boston Scientific (BSX), Rising Expenses Ail
Featured Reports
Improving Clearing and Transaction Fees Aid CME Group (CME)
Per the Zacks analyst, CME is set to grow on higher clearing and transaction fees as market position, diverse derivative product lines and global reach drive volumes. However, escalating expense ails.
Rising Budget Aids Leidos (LDOS), Amid Labor Shortage Issue
Per the Zacks analyst, increasing U.S. defense budgetary funds should boost Leidos' revenues. However, shortage of skilled labor in the aerospace industry might constrict this stock's growth.
Solid Production Aids First Solar (FSLR), Tariff Impact Woes
Per the Zacks analyst, rising module production driven by manufacturing capacity expansion should boost First Solar's sales. Yet U.S. imposed import tariff on China's solar cells may hurt the stock.
Service Center Unit Aids Applied Industrial (AIT), Costs Ail
Per the Zacks analyst, Applied Industrial's Service Center Based Distribution unit is driven by high demand for fluid power MRO services and growth in customer accounts. High costs remain concerning.
Strategic Expansion Aids Boyd Gaming (BYD), High Costs Ail
Per the Zacks analyst, Boyd Gaming benefits from its investments in property enhancements and expansion efforts. Also, the focus on online betting bodes well. However, high costs are a concern.
New Upgrades
High Rates, Business Transformation to Aid BNY Mellon (BK)
Per the Zacks analyst, global footprint and relatively high interest rates will keep aiding BNY Mellon. Its business transformation program will bolster market share and lead to higher profit margins.
H&R Block (HRB) Benefits From Block Horizons 2025 Strategy
Per the Zacks analyst, Block Horizons is expected to help H&R Block deliver sustainable revenues and operating profit growth, improve return on investments, and maintain a strong liquidity position.
New Downgrades
Alkermes' (ALKS) Overreliance on Partners for Royalty a Woe
Per the Zacks analyst, Alkermes' heavy dependence on partners for royalty revenues is a concern. Stiff competition in the schizophrenia and bipolar I disorder treatment market remains an overhang.
Poor Asset Quality, Margin Strain Hurt Ally Financial (ALLY)
Per the Zacks analyst, weak asset quality, and pressure on NIM because of its asset-sensitive balance sheet are major headwinds for Ally Financial. Steadily rising expenses will hurt its bottom line.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
CME Group Inc. (CME) : Free Stock Analysis Report
Boston Scientific Corporation (BSX) : Free Stock Analysis Report
Johnson & Johnson (JNJ) : Free Stock Analysis Report
Leidos Holdings, Inc. (LDOS) : Free Stock Analysis Report
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Top Stock Reports for Amazon.com, Johnson & Johnson and Boston Scientific

For Immediate Releases
Chicago, IL – August 26, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Costco Wholesale Corp. COST, Merck & Co., Inc. MRK, Linde plc LIN, Hamilton Beach Brands Holding Co. HBB and Armanino Foods of Distinction, Inc. AMNF.
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Costco, Merck and Linde
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corp., Merck & Co., Inc. and Linde plc, as well as two micro-cap stocks Hamilton Beach Brands Holding Co. and Armanino Foods of Distinction, Inc. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Costco’s shares have outperformed the Zacks Retail - Discount Stores industry over the year-to-date period (+34.2% vs. +23.2%). This company Being a consumer defensive stock, has been surviving the market turmoil pretty well. The discount retailer’s key strengths are strategic investments, a customer-centric approach, merchandise initiatives, and an emphasis on membership growth.
These factors have been helping it register decent sales and earnings numbers. This outlook reflects Costco’s ability to navigate the challenging operating environment, generate solid sales, and register high membership renewal rates.
A favorable product mix, steady store traffic, pricing power, and strong liquidity position should help Costco keep outperforming. While trading at a premium to its peers, its long-term growth prospects should help the stock see a solid upside.
(You can read the full research report on Costco here >>>)
Shares of Merck have gained +8.0% over the year-to-date period against the Zacks Large Cap Pharmaceuticals industry’s gain of +28.9%. The company is witnessing generic competition for several drugs and rising competitive pressure, mainly on the diabetes franchise, will continue to be overhangs on the top line.
There are concerns about Merck’s ability to grow its non-oncology business ahead of Keytruda’s loss of exclusivity later in the decade. However, Merck beat second-quarter estimates for earnings and sales. Products like Keytruda and Gardasil have been driving sales. With continued label expansion into new indications, particularly earlier-stage launches, Keytruda is expected to see continued growth.
Animal health and vaccine products are core growth drivers. Merck boasts a strong cancer pipeline, including Keytruda, which should drive long-term growth. Merck is investing in M&A activity to strengthen its pipeline.
(You can read the full research report on Merck here >>>)
Linde’s shares have outperformed the Zacks Chemical - Specialty industry over the year-to-date period (+14.6% vs. -17.5%). The company being a global leader in industrial gas manufacturing, supplies a wide range of essential gases to industries such as energy, steel, healthcare, manufacturing and electronics.
The firm secures long-term contracts with key on-site clients that feature minimum purchase agreements. This helps stabilize earnings during economic downturns, supported by its robust business model. Linde reported strong second-quarter earnings, driven by higher pricing from the Americas segment.
However, increasing competition for new projects poses a challenge to the company's return on investment. Additionally, the volatility of energy prices, particularly for natural gas and diesel fuel, presents a significant concern for profitability. An increasing regulatory burden may also negatively impact the industrial gas producer’s overall financial health.
(You can read the full research report on Linde here >>>)
Shares of Hamilton Beach Brands have outperformed the Zacks Household Appliances industry over the year-to-date period (+66.3% vs. -13.8%). This microcap company with market capitalization of $383.56 million reports robust second-quarter 2024 results, driven by a 590-bps year-over-year improvement in the gross profit margin to 25.9%, reflecting effective cost management and strategic pricing.
Revenues grew 14% year over year to $156.2 million, fueled by a strong core market performance in the United States, Mexico and Latin America, and a strategic focus on flagship brands. HBB's financial position strengthened significantly in the second quarter, with net debt reduced to $12.8 million and cash reserves rising to $37.2 million.
Sales in premium markets grew 20%, supported by innovation and strategic licensing. The company’s initiatives and solid global commercial market performance underpin a positive outlook for sustained growth.
(You can read the full research report on Hamilton Beach Brands here >>>)
Armanino Foods of Distinction’s shares have outperformed the Zacks Food - Miscellaneous industry over the year-to-date period (+19.8% vs. +3.0%). This microcap company with market capitalization of $179.57 million delivered record sales and profitability in second-quarter 2024, with a 16% year-over-year increase in net sales to $17.48 million and a 90% surge in pre-tax income, driven by cost efficiencies and margin improvements.
Armanino Foods of Distinction boasts 84 consecutive profitable quarters and a solid balance sheet, with $21.39 million in cash reserves, supporting its growth initiatives. Armanino increased its dividend by 10% and launched a $7-million stock buyback program, highlighting management's confidence.
Strategic geographic expansion, strong market penetration and product diversification, including a 65% market share in food service pesto, enhance its competitive edge. Armanino's commitment to quality, evidenced by its BRC Grade AA certification, underpins its market leadership and positions the company for continued growth.
(You can read the full research report on Armanino Foods of Distinction here >>>)
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Merck & Co., Inc. (MRK) : Free Stock Analysis Report
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
Hamilton Beach Brands Holding Company (HBB) : Free Stock Analysis Report
Armanino Foods of Distinction Inc. (AMNF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
ROE	27.18 13.30
ROA	18.06 5.85
Quick Ratio	1.46 0.86
Current Ratio	2.92 1.37

Indicator	TTM Median
Net Profit Margin	11.48 5.78
Operating Margin	16.39 9.26
Gross Margin	29.51 34.60
Return on tangible equity	27.72 24.12

Indicator	TTM Median
Revenue	0.02 141.00M
Gross Profit	0.01 —
EBITDA	0.00 —

ARMANINO FOODS DIST INC

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