Inventure Foods Given New $12.50 Price Target at B. Riley (SNAK)
Analysts at B. Riley increased their target price on shares of Inventure Foods (NASDAQ:SNAK) from $10.00 to $12.50 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. B. Riley’s price objective suggests a potential upside of 20.66% from the company’s current price.
Separately, 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.
One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Inventure Foods presently has an average rating of “Buy” and an average price target of $10.83.
Inventure Foods (NASDAQ:SNAK) traded up 2.61% during mid-day trading on Wednesday, hitting $10.63. The stock had a trading volume of 77,223 shares. Inventure Foods has a 1-year low of $5.56 and a 1-year high of $11.37. The stock’s 50-day moving average is $9.27 and its 200-day moving average is $8.31. The company has a market cap of $207.0 million and a price-to-earnings ratio of 30.47.
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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