Inventure Foods, Inc. (NASDAQ:SNAK) Upgraded to Sell at ValuEngine
ValuEngine upgraded shares of Inventure Foods, Inc. (NASDAQ:SNAK) from a strong sell rating to a sell rating in a report issued on Tuesday morning.
Separately, Zacks Investment Research upgraded Inventure Foods from a sell rating to a hold rating in a report on Wednesday, July 12th.
Shares of Inventure Foods (NASDAQ SNAK) traded up 1.04% during midday trading on Tuesday, hitting $3.90. The stock had a trading volume of 37,502 shares. The firm has a 50 day moving average price of $4.06 and a 200 day moving average price of $4.72. Inventure Foods has a one year low of $3.31 and a one year high of $10.15. The stock’s market cap is $76.78 million.
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. Inventure Foods had a negative net margin of 17.43% and a negative return on equity of 27.58%. The business had revenue of $49.60 million during the quarter, compared to analysts’ expectations of $70.10 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s revenue was down 13.3% compared to the same quarter last year. On average, equities analysts forecast that Inventure Foods will post ($0.14) earnings per share for the current fiscal year.
WARNING: “Inventure Foods, Inc. (NASDAQ:SNAK) Upgraded to Sell at ValuEngine” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/inventure-foods-inc-nasdaqsnak-upgraded-to-sell-at-valuengine/1461513.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNAK. State of New Jersey Common Pension Fund D increased its position in 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 during the last quarter. Gabelli Funds LLC increased its position in 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 during the last quarter. Royce & Associates LP increased its position in 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 during the last quarter. Thompson Investment Management Inc. increased its position in 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 during the last quarter. Finally, Teton Advisors Inc. increased its position in 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 during the last quarter. Institutional investors and hedge funds own 83.23% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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 Analyst Ratings Network's FREE daily email newsletter.