Inventure Foods, Inc. (NASDAQ:SNAK) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.

Separately, Zacks Investment Research raised Inventure Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.

Inventure Foods (NASDAQ:SNAK) traded up 1.04% during trading on Tuesday, reaching $3.88. 65,569 shares of the company’s stock traded hands. Inventure Foods has a 52-week low of $3.31 and a 52-week high of $10.15. The stock’s market cap is $76.39 million. The company’s 50 day moving average is $4.12 and its 200-day moving average is $4.81.

Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings results on Thursday, May 11th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.05. Inventure Foods had a negative net margin of 17.43% and a negative return on equity of 27.58%. The business had revenue of $49.60 million for the quarter, compared to the consensus estimate of $70.10 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. On average, analysts anticipate that Inventure Foods will post ($0.14) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/07/25/inventure-foods-inc-snak-raised-to-sell-at-valuengine.html.

A number of institutional investors have recently made changes to their positions in SNAK. State of New Jersey Common Pension Fund D increased its stake in Inventure Foods by 29.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the company’s stock valued at $7,072,000 after buying an additional 360,000 shares during the period. Gabelli Funds LLC increased its stake in shares of Inventure Foods by 30.7% in the first quarter. Gabelli Funds LLC now owns 1,270,258 shares of the company’s stock worth $5,615,000 after buying an additional 298,179 shares during the last quarter. Royce & Associates LP increased its stake in shares of Inventure Foods by 19.3% in the first quarter. Royce & Associates LP now owns 928,471 shares of the company’s stock worth $4,104,000 after buying an additional 150,000 shares during the last quarter. First Wilshire Securities Management Inc. increased its stake in shares of Inventure Foods by 4.2% in the first quarter. First Wilshire Securities Management Inc. now owns 566,891 shares of the company’s stock worth $2,506,000 after buying an additional 22,613 shares during the last quarter. Finally, Teton Advisors Inc. increased its stake in shares of Inventure Foods by 23.5% in the first quarter. Teton Advisors Inc. now owns 435,172 shares of the company’s stock worth $1,923,000 after buying an additional 82,841 shares during the last quarter. 83.23% of the stock is owned by institutional investors and hedge funds.

Inventure Foods Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.