Inventure Foods, Inc. (SNAK) Rating Increased to Sell at ValuEngine

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.

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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.

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