Inventure Foods Inc (SNAK) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.06. The company posted revenue of $69.90 million in the period, compared to analysts expectations of $74.14 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Many Wall Street Analysts have commented on Inventure Foods Inc. Shares were Reiterated by Wunderlich on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $13 .
Inventure Foods Inc opened for trading at $7.27 and hit $7.66 on the upside on Wednesday, eventually ending the session at $7.35, with a gain of 1.24% or 0.09 points. The heightened volatility saw the trading volume jump to 2,12,481 shares. Company has a market cap of $144 M.
In a different news, on Mar 17, 2016, Steve Weinberger (CFO) sold 9,936 shares at $5.80 per share price. According to the SEC, on Mar 6, 2015, Edward Brian Foster (SVP-Operations) sold 6,407 shares at $10.50 per share price.
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.