Inventure Foods, Inc. (SNAK) Shares Up 4.7%

Shares of Inventure Foods, Inc. (NASDAQ:SNAK) shot up 4.7% during mid-day trading on Thursday . The company traded as high as $4.45 and last traded at $4.47. 274,249 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 138,317 shares. The stock had previously closed at $4.27.

A number of research firms have recently issued reports on SNAK. ValuEngine upgraded Inventure Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Inventure Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

The firm’s market capitalization is $87.25 million. The stock’s 50 day moving average price is $3.46 and its 200-day moving average price is $4.03.

Several hedge funds have recently made changes to their positions in SNAK. Royce & Associates LP grew its holdings in shares of Inventure Foods by 38.4% in the 2nd quarter. Royce & Associates LP now owns 1,285,020 shares of the company’s stock valued at $5,538,000 after buying an additional 356,549 shares during the period. Gabelli Funds LLC lifted its position in Inventure Foods by 30.7% in the 1st quarter. Gabelli Funds LLC now owns 1,270,258 shares of the company’s stock valued at $5,615,000 after acquiring an additional 298,179 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Inventure Foods in the 2nd quarter valued at $519,000. Gamco Investors INC. ET AL lifted its position in Inventure Foods by 74.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 186,529 shares of the company’s stock valued at $824,000 after acquiring an additional 79,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Inventure Foods by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 291,882 shares of the company’s stock valued at $1,258,000 after acquiring an additional 78,900 shares in the last quarter. 71.80% of the stock is owned by institutional investors.

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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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