Inventure Foods Inc. (NASDAQ:SNAK) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.75.
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. DA Davidson lifted their price objective on Inventure Foods from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, September 16th.
Several large investors have recently added to or reduced their stakes in SNAK. Parametric Portfolio Associates LLC purchased a new stake in Inventure Foods during the second quarter valued at $106,000. State Street Corp raised its stake in Inventure Foods by 11.1% in the second quarter. State Street Corp now owns 223,250 shares of the company’s stock valued at $1,744,000 after buying an additional 22,331 shares in the last quarter. Rhumbline Advisers raised its stake in Inventure Foods by 0.5% in the second quarter. Rhumbline Advisers now owns 18,546 shares of the company’s stock valued at $145,000 after buying an additional 90 shares in the last quarter. FMR LLC raised its stake in Inventure Foods by 3.3% in the second quarter. FMR LLC now owns 1,880,225 shares of the company’s stock valued at $14,683,000 after buying an additional 59,200 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Inventure Foods by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 702,093 shares of the company’s stock valued at $5,483,000 after buying an additional 11,615 shares in the last quarter. Institutional investors own 94.52% of the company’s stock.
Inventure Foods (NASDAQ:SNAK) opened at 9.40 on Tuesday. The firm’s market capitalization is $184.91 million. The stock’s 50 day moving average price is $9.54 and its 200-day moving average price is $7.84. Inventure Foods has a 12 month low of $4.91 and a 12 month high of $9.82.
Inventure Foods (NASDAQ:SNAK) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. Inventure Foods had a negative return on equity of 7.31% and a negative net margin of 1.98%. The company had revenue of $69.30 million for the quarter, compared to the consensus estimate of $66.40 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Inventure Foods’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Inventure Foods will post $0.04 EPS for the current fiscal year.
Inventure Foods Company Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.
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