Insider Selling: Brad Lyle Rader Sells 6,000 Shares of Inventure Foods Stock (SNAK)
Inventure Foods (NASDAQ:SNAK) Insider Brad Lyle Rader sold 6,000 shares of the company’s stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $12.55, for a total transaction of $75,300.00. Following the completion of the sale, the insider now directly owns 4,427 shares in the company, valued at approximately $55,559. The sale was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Zacks downgraded shares of Inventure Foods from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $14.50 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.16.
Shares of Inventure Foods (NASDAQ:SNAK) traded down 2.22% during mid-day trading on Wednesday, hitting $11.90. The stock had a trading volume of 116,572 shares. Inventure Foods has a one year low of $8.53 and a one year high of $14.50. The stock’s 50-day moving average is $11.6 and its 200-day moving average is $12.57. The company has a market cap of $231.7 million and a price-to-earnings ratio of 30.42.
Inventure Foods (NASDAQ:SNAK) last released its earnings data on Thursday, July 31st. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $75.80 million. During the same quarter last year, the company posted $0.07 earnings per share. Inventure Foods’s revenue was up 33.9% compared to the same quarter last year. On average, analysts predict that Inventure Foods will post $0.54 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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