Inventure Foods Price Target Increased to $12.00 by Analysts at Janney Montgomery Scott (SNAK)
Equities research analysts at Janney Montgomery Scott raised their target price on shares of Inventure Foods (NASDAQ:SNAK) from $10.50 to $12.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. Janney Montgomery Scott’s price objective would indicate a potential upside of 15.83% from the company’s current price.
SNAK has been the subject of a number of other recent research reports. Analysts at B. Riley raised their price target on shares of Inventure Foods (NASDAQ:SNAK) from $10.00 to $12.50 in a research note to investors on Wednesday. They now have a “buy” rating 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.
One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $10.83.
Shares of Inventure Foods (NASDAQ:SNAK) traded up 2.61% on Wednesday, hitting $10.63. 77,223 shares of the company’s stock traded hands. Inventure Foods has a 52 week low of $5.56 and a 52 week 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 released its earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that Inventure Foods will post $0.34 EPS 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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