Q3 2017 EPS Estimates for Inventure Foods, Inc. (SNAK) Lowered by Analyst

Inventure Foods, Inc. (NASDAQ:SNAK) – Stock analysts at William Blair dropped their Q3 2017 earnings estimates for shares of Inventure Foods in a research report issued on Wednesday. William Blair analyst J. Andersen now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. William Blair also issued estimates for Inventure Foods’ FY2017 earnings at ($0.13) EPS.

A number of other equities research analysts also recently commented on SNAK. ValuEngine downgraded Inventure Foods from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research raised Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

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Shares of Inventure Foods (NASDAQ SNAK) opened at 3.52 on Monday. Inventure Foods has a 52-week low of $2.96 and a 52-week high of $10.15. The stock’s market cap is $69.30 million. The stock’s 50 day moving average is $3.74 and its 200 day moving average is $4.40.

Several large investors have recently added to or reduced their stakes in SNAK. KCG Holdings Inc. increased its stake in 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 during the period. Bourgeon Capital Management LLC purchased a new stake in Inventure Foods during the first quarter worth approximately $133,000. Symons Capital Management Inc. purchased a new stake in Inventure Foods during the first quarter worth approximately $168,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Inventure Foods during the second quarter worth approximately $216,000. Finally, OppenheimerFunds Inc. purchased a new stake in Inventure Foods during the first quarter worth approximately $228,000. 81.41% of the stock is owned by hedge funds and other institutional investors.

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.