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 report issued on Friday.
Separately, Zacks Investment Research raised Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
Shares of Inventure Foods (SNAK) opened at 3.48 on Friday. The company’s market cap is $68.85 million. The firm’s 50-day moving average price is $3.53 and its 200 day moving average price is $4.18. Inventure Foods has a 52 week low of $2.96 and a 52 week high of $10.15.
TRADEMARK VIOLATION NOTICE: “Inventure Foods, Inc. (SNAK) Rating Increased to Sell at ValuEngine” was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://transcriptdaily.com/2017/09/03/inventure-foods-inc-snak-rating-increased-to-sell-at-valuengine.html.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. KCG Holdings Inc. increased its position in shares of Inventure Foods by 116.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock valued at $115,000 after buying an additional 14,032 shares during the last quarter. Symons Capital Management Inc. acquired a new position in shares of Inventure Foods during the first quarter valued at approximately $168,000. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Inventure Foods during the second quarter valued at approximately $216,000. OppenheimerFunds Inc. acquired a new position in shares of Inventure Foods during the first quarter valued at approximately $228,000. Finally, LMR Partners LLP acquired a new position in shares of Inventure Foods during the second quarter valued at approximately $285,000. 71.80% of the stock is currently 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.
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.