Inventure Foods Inc. Hits New 52-Week High at $10.00 (SNAK)
Shares of Inventure Foods (NASDAQ:SNAK) hit a new 52-week high during trading hours on Wednesday, AnalystRatingsNetwork.com reports. The company traded as high as $10.00 and last traded at $9.96, with a volume of 62,664 shares trading hands. The stock had previously closed at $9.68.
Several analysts have recently commented on the stock. Analysts at Northland Capital Partners raised their price target on shares of Inventure Foods (NASDAQ:SNAK) from $8.50 to $11.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Inventure Foods (NASDAQ:SNAK) in a research note to investors on Thursday, June 20th. They now have a $12.00 price target on the stock.
One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Inventure Foods has an average rating of “Buy” and a consensus price target of $9.50.
Inventure Foods has a one year low of $5.56 and a one year high of $9.74. The stock’s 50-day moving average is $9.18 and its 200-day moving average is $8.23. The company has a market cap of $194.0 million and a P/E ratio of 28.47.
Inventure Foods (NASDAQ:SNAK) last announced its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.01. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $52.96 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Inventure Foods will post $0.34 earnings per share for the current fiscal year.
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands.
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