Inventure Foods Director Itzhak Reichman Unloads 2,000 Shares (SNAK)
Inventure Foods (NASDAQ:SNAK) Director Itzhak Reichman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $12.55, for a total transaction of $25,100.00. Following the completion of the transaction, the director now directly owns 56,983 shares of the company’s stock, valued at approximately $715,137. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Inventure Foods (NASDAQ:SNAK) traded up 2.65% during mid-day trading on Tuesday, hitting $12.78. 57,108 shares of the company’s stock traded hands. Inventure Foods has a 1-year low of $7.42 and a 1-year high of $14.50. The stock’s 50-day moving average is $12.58 and its 200-day moving average is $12.83. The company has a market cap of $248.4 million and a P/E ratio of 34.58.
Inventure Foods (NASDAQ:SNAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $67.50 million for the quarter, compared to the consensus estimate of $70.12 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analysts expect that Inventure Foods will post $0.54 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Inventure Foods from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $14.50 price target on the stock. Analysts at B. Riley raised their price target on shares of Inventure Foods to $16.25 in a research note on Thursday, February 27th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, Inventure Foods has an average rating of “Buy” and an average price target of $14.16.
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands.
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