DA Davidson Maintains Inventure Foods Inc to Buy with Price Target $11.00

Brokerage firm DA Davidson Maintains its rating on Inventure Foods Inc(NASDAQ:SNAK). In a research note issued to the investors, the brokerage major Raises the price-target to $11.00 per share. The shares have been rated Buy. The rating by DA Davidson was issued on Sep 16, 2016.

Inventure Foods Inc (SNAK) made into the market gainers list on Thursdays trading session with the shares advancing 1.16% or 0.11 points. Due to strong positive momentum, the stock ended at $9.62, which is also near the day’s high of $9.62. The stock began the session at $9.59 and the volume stood at 61,191 shares. The 52-week high of the shares is $9.82 and the 52 week low is $4.91. The company has a current market capitalization of $189 M and it has 1,96,71,134 shares in outstanding.

Inventure Foods Inc(SNAK) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $69.26M. Analysts had an estimated revenue of $72.26M. Earnings per share were $-0.01.

Several Insider Transactions has been reported to the SEC. On Jun 1, 2016, Paul J Lapadat (director) purchased 7,000 shares at $7.25 per share price.Also, On May 10, 2016, Daniel W. Hammer (SVP GM-Frozen Division) sold 6,055 shares at $7.16 per share price.On Mar 17, 2016, Steve Weinberger (CFO) sold 9,936 shares at $5.80 per share price, according to the Form-4 filing with the securities and exchange commission.

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. All products sold under its frozen products segment are considered part of the healthy/natural food category. The snack products segment produces potato chips kettle chips potato crisps potato skins pellet snacks sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category as well as products considered part of the healthy/natural food category. The Company operates manufacturing facilities in eight locations.

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