ValuEngine upgraded shares of Inventure Foods, Inc. (NASDAQ:SNAK) from a strong sell rating to a sell rating in a research note issued to investors on Friday morning.

Separately, Zacks Investment Research upgraded shares of Inventure Foods from a sell rating to a hold rating in a report on Wednesday, July 12th.

Shares of Inventure Foods (SNAK) opened at 3.48 on Friday. Inventure Foods has a 12 month low of $2.96 and a 12 month high of $10.15. The stock’s 50 day moving average price is $3.53 and its 200-day moving average price is $4.18. The stock’s market capitalization is $68.85 million.

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A number of hedge funds have recently added to or reduced their stakes in SNAK. State Street Corp boosted its holdings in Inventure Foods by 4.4% during the fourth quarter. State Street Corp now owns 240,723 shares of the company’s stock valued at $2,375,000 after acquiring an additional 10,208 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Inventure Foods by 29.0% during the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the company’s stock valued at $7,072,000 after acquiring an additional 360,000 shares during the period. Teton Advisors Inc. boosted its holdings in Inventure Foods by 23.5% during the first quarter. Teton Advisors Inc. now owns 435,172 shares of the company’s stock valued at $1,923,000 after acquiring an additional 82,841 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Inventure Foods by 74.4% during the first quarter. Gamco Investors INC. ET AL now owns 186,529 shares of the company’s stock valued at $824,000 after acquiring an additional 79,600 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Inventure Foods by 30.7% during the first quarter. Gabelli Funds LLC now owns 1,270,258 shares of the company’s stock valued at $5,615,000 after acquiring an additional 298,179 shares during the period. Institutional investors own 71.80% of the company’s stock.

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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