Inventure Foods, Inc. (SNAK) Downgraded to “Strong Sell” at ValuEngine

ValuEngine cut shares of Inventure Foods, Inc. (NASDAQ:SNAK) from a sell rating to a strong sell rating in a report released on Tuesday.

Receive News & Ratings for Inventure Foods Inc. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inventure Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

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.

WARNING: This news story was originally published by [[site]] and is owned by of [[site]]. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at [[permalink]].

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.