Inventure Foods Director Itzhak Reichman Sells 2,000 Shares (SNAK)
Inventure Foods (NASDAQ:SNAK) Director Itzhak Reichman sold 2,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $12.55, for a total value of $25,100.00. Following the sale, the director now directly owns 56,983 shares of the company’s stock, valued at approximately $715,137. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Inventure Foods (NASDAQ:SNAK) traded down 1.09% on Wednesday, hitting $12.6401. 6,171 shares of the company’s stock traded hands. Inventure Foods has a 52 week low of $7.42 and a 52 week high of $14.50. The stock has a 50-day moving average of $12.58 and a 200-day moving average of $12.83. The company has a market cap of $245.7 million and a price-to-earnings ratio of 35.50.
Inventure Foods (NASDAQ:SNAK) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on SNAK shares. 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 equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $14.16.
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands.
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