Inventure Foods, Inc. (SNAK) Position Maintained by New Jersey Better Educational Savings Trust
New Jersey Better Educational Savings Trust held its stake in shares of Inventure Foods, Inc. (NASDAQ:SNAK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the company’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Inventure Foods were worth $474,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. KCG Holdings Inc. increased its stake in shares of Inventure Foods by 116.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after buying an additional 14,032 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Inventure Foods by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 212,982 shares of the company’s stock worth $941,000 after buying an additional 9,300 shares in the last quarter. Royce & Associates LP increased its stake in shares of Inventure Foods by 19.3% in the first quarter. Royce & Associates LP now owns 928,471 shares of the company’s stock worth $4,104,000 after buying an additional 150,000 shares in the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Inventure Foods during the first quarter worth $228,000. Finally, Symons Capital Management Inc. acquired a new stake in shares of Inventure Foods during the first quarter worth $168,000. 81.75% of the stock is owned by institutional investors and hedge funds.
Inventure Foods, Inc. (NASDAQ:SNAK) opened at 3.17 on Friday. The company’s market cap is $62.41 million. Inventure Foods, Inc. has a 52-week low of $2.96 and a 52-week high of $10.15. The firm has a 50-day moving average of $3.80 and a 200 day moving average of $4.49.
Inventure Foods (NASDAQ:SNAK) last released its quarterly earnings data on Thursday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.05. The business had revenue of $49.60 million for the quarter, compared to the consensus estimate of $70.10 million. Inventure Foods had a negative return on equity of 32.41% and a negative net margin of 19.06%. Inventure Foods’s revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) earnings per share. Equities research analysts expect that Inventure Foods, Inc. will post ($0.13) earnings per share for the current fiscal year.
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Several research firms have commented on SNAK. ValuEngine upgraded shares of Inventure Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Inventure Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
About Inventure Foods
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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