DA Davidson Raises Inventure Foods Inc. (SNAK) Price Target to $11.00
Inventure Foods Inc. (NASDAQ:SNAK) had its target price raised by DA Davidson from $10.00 to $11.00 in a research report report published on Friday morning. DA Davidson currently has a buy rating on the stock.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Inventure Foods from a hold rating to a sell rating in a research note on Saturday, July 30th. Wunderlich reaffirmed a buy rating and issued a $10.00 price objective on shares of Inventure Foods in a research note on Monday, May 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Inventure Foods has a consensus rating of Buy and a consensus target price of $9.60.
Shares of Inventure Foods (NASDAQ:SNAK) opened at 9.51 on Friday. The firm’s 50-day moving average is $9.51 and its 200 day moving average is $7.67. The firm’s market capitalization is $187.07 million. Inventure Foods has a one year low of $4.91 and a one year high of $9.82.
Inventure Foods (NASDAQ:SNAK) last issued its earnings results on Wednesday, July 27th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $69.30 million for the quarter, compared to analyst estimates of $66.40 million. Inventure Foods had a negative return on equity of 7.31% and a negative net margin of 1.98%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.02) EPS. Equities research analysts predict that Inventure Foods will post $0.04 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC bought a new stake in shares of Inventure Foods during the second quarter valued at approximately $106,000. Rhumbline Advisers boosted its stake in shares of 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 during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Inventure Foods by 2.6% in the second quarter. Wedbush Securities Inc. now owns 31,295 shares of the company’s stock valued at $244,000 after buying an additional 800 shares during the last quarter. BlackRock Investment Management LLC boosted its stake in shares of Inventure Foods by 6.2% in the second quarter. BlackRock Investment Management LLC now owns 73,237 shares of the company’s stock valued at $572,000 after buying an additional 4,260 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Inventure Foods by 2.0% in the first quarter. Geode Capital Management LLC now owns 126,354 shares of the company’s stock valued at $713,000 after buying an additional 2,533 shares during the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.
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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