Shares of Inventure Foods Inc. (NASDAQ:SNAK) dropped 1% on Wednesday . The stock traded as low as $9.35 and last traded at $9.51, with a volume of 73,968 shares traded. The stock had previously closed at $9.61.

SNAK has been the topic of several recent research reports. Zacks Investment Research downgraded Inventure Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. DA Davidson upped their price target on Inventure Foods from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Inventure Foods has an average rating of “Buy” and a consensus target price of $9.60.

The stock’s 50-day moving average is $9.51 and its 200-day moving average is $7.67. The firm’s market cap is $187.07 million.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/inventure-foods-inc-snak-trading-down-1.html

Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $66.40 million. Inventure Foods had a negative return on equity of 7.31% and a negative net margin of 1.98%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. Equities analysts anticipate that Inventure Foods Inc. will post $0.04 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC purchased a new stake in shares of Inventure Foods during the second quarter worth approximately $106,000. Rhumbline Advisers increased its stake in shares of Inventure Foods by 0.5% in the second quarter. Rhumbline Advisers now owns 18,546 shares of the company’s stock worth $145,000 after buying an additional 90 shares during the period. Wedbush Securities Inc. increased its stake in shares of Inventure Foods by 2.6% in the second quarter. Wedbush Securities Inc. now owns 31,295 shares of the company’s stock worth $244,000 after buying an additional 800 shares during the period. BlackRock Investment Management LLC increased its stake in shares of Inventure Foods by 6.2% in the second quarter. BlackRock Investment Management LLC now owns 73,237 shares of the company’s stock worth $572,000 after buying an additional 4,260 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Inventure Foods by 2.0% in the first quarter. Geode Capital Management LLC now owns 126,354 shares of the company’s stock worth $713,000 after buying an additional 2,533 shares during the period. Institutional investors and hedge funds own 94.52% of the company’s stock.

About Inventure Foods

Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.

5 Day Chart for NASDAQ:SNAK

Receive News & Ratings for Inventure Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inventure Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.