Stock analysts at Northland Capital Partners upped their price target on shares of Inventure Foods (NASDAQ:SNAK) from $11.00 to $13.50 in a report issued on Thursday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target would suggest a potential upside of 22.06% from the stock’s previous close.
Shares of Inventure Foods (NASDAQ:SNAK) traded up 1.72% during mid-day trading on Thursday, hitting $11.25. The stock had a trading volume of 50,424 shares. Inventure Foods has a 52-week low of $5.56 and a 52-week high of $9.74. The stock has a 50-day moving average of $10.50 and a 200-day moving average of $8.91. The company has a market cap of $219.1 million and a price-to-earnings ratio of 32.53.
Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $54.50 million for the quarter, compared to the consensus estimate of $54.30 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts predict that Inventure Foods will post $0.35 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SNAK. Analysts at Janney Montgomery Scott raised their price target on shares of Inventure Foods from $10.50 to $12.00 in a research note to investors on Wednesday, September 25th. Analysts at B. Riley raised their price target on shares of Inventure Foods from $10.00 to $12.50 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.25.
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.