Inventure Foods Inc. Hits New 52-Week High at $11.39 (SNAK)
Shares of Inventure Foods (NASDAQ:SNAK) hit a new 52-week high during trading hours on Wednesday, AnalystRatings.NET reports. The company traded as high as $11.39 and last traded at $11.24, with a volume of 24,642 shares trading hands. The stock had previously closed at $11.07.
Several analysts have recently commented on the stock. Analysts at Janney Montgomery Scott raised their price target on shares of Inventure Foods from $10.50 to $12.00 in a research note to investors on Wednesday, September 25th. Separately, analysts at B. Riley raised their price target on shares of Inventure Foods from $10.00 to $12.50 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Inventure Foods 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Inventure Foods has a consensus rating of “Buy” and an average price target of $10.83.
Inventure Foods has a 52-week low of $5.56 and a 52-week high of $9.74. The stock’s 50-day moving average is $9.15 and its 200-day moving average is $8.18. The company has a market cap of $217.1 million and a price-to-earnings ratio of 32.56.
Inventure Foods (NASDAQ:SNAK) last posted its quarterly 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 $0.35 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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