ValuEngine cut shares of Inventure Foods, Inc. (NASDAQ:SNAK) from a sell rating to a strong sell rating in a report released on Tuesday.
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 (NASDAQ SNAK) traded down 3.14% on Tuesday, hitting $3.39. The company’s stock had a trading volume of 44,114 shares. The stock’s 50 day moving average price is $4.02 and its 200 day moving average price is $4.61. Inventure Foods has a 52 week low of $3.31 and a 52 week high of $10.15. The stock’s market capitalization is $66.74 million.
Inventure Foods (NASDAQ:SNAK) last released its quarterly earnings results on Thursday, May 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.05. Inventure Foods had a negative net margin of 17.43% and a negative return on equity of 27.58%. The firm had revenue of $49.60 million for the quarter, compared to the consensus estimate of $70.10 million. During the same quarter last year, the company earned ($0.05) earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. On average, analysts forecast that Inventure Foods will post ($0.14) earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D raised its position in shares of Inventure Foods by 29.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the company’s stock worth $7,072,000 after buying an additional 360,000 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Inventure Foods by 30.7% in the first quarter. Gabelli Funds LLC now owns 1,270,258 shares of the company’s stock worth $5,615,000 after buying an additional 298,179 shares in the last quarter. Royce & Associates LP raised its position 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. Thompson Investment Management Inc. raised its position in shares of Inventure Foods by 181.2% in the first quarter. Thompson Investment Management Inc. now owns 145,100 shares of the company’s stock worth $641,000 after buying an additional 93,500 shares in the last quarter. Finally, Teton Advisors Inc. raised its position in shares of Inventure Foods by 23.5% in the first quarter. Teton Advisors Inc. now owns 435,172 shares of the company’s stock worth $1,923,000 after buying an additional 82,841 shares in the last quarter. Institutional investors own 82.22% 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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