Inventure Foods Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:SNAK)
Shares of Inventure Foods (NASDAQ:SNAK) have received an average rating of “Buy” from the nine analysts that are presently covering the stock, Stock Ratings Network.com reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.16.
Inventure Foods (NASDAQ:SNAK) traded up 0.09% during mid-day trading on Thursday, hitting $11.54. 5,510 shares of the company’s stock traded hands. Inventure Foods has a one year low of $8.53 and a one year high of $14.50. The stock has a 50-day moving average of $12.39 and a 200-day moving average of $12.85. The company has a market cap of $224.3 million and a P/E ratio of 32.03.
Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings data 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. On average, analysts predict that Inventure Foods will post $0.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on SNAK. Analysts at Zacks downgraded shares of Inventure Foods from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $14.50 price target on the stock.
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.