Inventure Foods Inc. (SNAK) Shares Down 0.3%
Inventure Foods Inc. (NASDAQ:SNAK) dropped 0.3% on Friday . The stock traded as low as $7.82 and last traded at $7.87, with a volume of 107,086 shares changing hands. The stock had previously closed at $7.89.
A number of equities research analysts recently commented on the company. Wunderlich restated a “buy” rating and set a $10.00 price target on shares of Inventure Foods in a research report on Monday, May 23rd. Roth Capital decreased their price target on Inventure Foods from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Finally, Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Inventure Foods has a consensus rating of “Buy” and a consensus price target of $9.40.
The stock’s market cap is $154.35 million. The company’s 50-day moving average price is $7.61 and its 200 day moving average price is $6.51.
Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. During the same quarter last year, the business earned $0.06 earnings per share. The company had revenue of $69.90 million for the quarter, compared to analyst estimates of $74.74 million. The company’s revenue was down 9.9% on a year-over-year basis. Equities research analysts predict that Inventure Foods Inc. will post $0.10 earnings per share for the current fiscal year.
In other Inventure Foods news, major shareholder Private Discipline Master Lkcm purchased 4,245 shares of the company’s stock in a transaction dated Tuesday, April 12th. The stock was bought at an average cost of $6.16 per share, for a total transaction of $26,149.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel W. Hammer sold 6,055 shares of Inventure Foods stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $7.16, for a total transaction of $43,353.80. Following the completion of the sale, the senior vice president now owns 18,945 shares of the company’s stock, valued at $135,646.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Inventure Foods stock. American Century Companies Inc. raised its position in shares of Inventure Foods Inc. (NASDAQ:SNAK) by 47.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,047,044 shares of the company’s stock after buying an additional 336,700 shares during the period. American Century Companies Inc. owned about 5.34% of Inventure Foods worth $7,434,000 at the end of the most recent reporting period.
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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