DA Davidson Weighs in on Inventure Foods Inc’s Q1 2017 Earnings (SNAK)
Inventure Foods Inc (NASDAQ:SNAK) – DA Davidson lowered their Q1 2017 earnings estimates for Inventure Foods in a note issued to investors on Friday. DA Davidson analyst E. Gottlieb now forecasts that the brokerage will earn $0.05 per share for the quarter, down from their prior estimate of $0.06. DA Davidson currently has a “Neutral” rating and a $8.00 target price on the stock. DA Davidson also issued estimates for Inventure Foods’ Q2 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.05 EPS and FY2017 earnings at $0.24 EPS.
Separately, Zacks Investment Research upgraded shares of Inventure Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 11th.
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Shares of Inventure Foods (NASDAQ:SNAK) opened at 4.43 on Monday. The stock’s market cap is $87.14 million. The stock’s 50 day moving average is $5.71 and its 200 day moving average is $8.13. Inventure Foods has a 52-week low of $4.38 and a 52-week high of $10.15.
A number of hedge funds have recently made changes to their positions in the stock. DF Dent & Co. Inc. raised its stake in shares of Inventure Foods by 0.4% in the third quarter. DF Dent & Co. Inc. now owns 21,351 shares of the company’s stock valued at $201,000 after buying an additional 87 shares during the period. Geduld E E raised its stake in shares of Inventure Foods by 27.8% in the third quarter. Geduld E E now owns 23,000 shares of the company’s stock valued at $216,000 after buying an additional 5,000 shares during the period. State Street Corp raised its stake in shares of Inventure Foods by 4.4% in the fourth quarter. State Street Corp now owns 240,723 shares of the company’s stock valued at $2,375,000 after buying an additional 10,208 shares during the period. Royce & Associates LP raised its stake in shares of Inventure Foods by 3.4% in the fourth quarter. Royce & Associates LP now owns 778,471 shares of the company’s stock valued at $7,668,000 after buying an additional 25,500 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in shares of Inventure Foods by 46.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 106,929 shares of the company’s stock valued at $1,053,000 after buying an additional 34,079 shares during the period. Institutional investors own 95.62% of the company’s stock.
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.
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