Goldman Sachs Group Inc. purchased a new position in shares of Inventure Foods, Inc. (NASDAQ:SNAK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 120,480 shares of the company’s stock, valued at approximately $519,000. Goldman Sachs Group Inc. owned about 0.61% of Inventure Foods as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. KCG Holdings Inc. raised its holdings in Inventure Foods by 116.3% during the 1st quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after purchasing an additional 14,032 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Inventure Foods in the 2nd quarter valued at $216,000. OppenheimerFunds Inc. bought a new stake in shares of Inventure Foods in the 1st quarter valued at $228,000. LMR Partners LLP bought a new stake in shares of Inventure Foods in the 2nd quarter valued at $285,000. Finally, Bank of America Corp DE increased its stake in shares of Inventure Foods by 263.2% in the 1st quarter. Bank of America Corp DE now owns 83,907 shares of the company’s stock valued at $371,000 after acquiring an additional 60,802 shares in the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.
Shares of Inventure Foods, Inc. (SNAK) opened at $3.97 on Monday. Inventure Foods, Inc. has a one year low of $2.96 and a one year high of $10.15.
Inventure Foods (NASDAQ:SNAK) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.24) earnings per share for the quarter. The company had revenue of $27.43 million during the quarter, compared to the consensus estimate of $52.10 million. Inventure Foods had a negative net margin of 34.84% and a negative return on equity of 162.36%. The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.13) EPS. analysts expect that Inventure Foods, Inc. will post -0.13 earnings per share for the current fiscal year.
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Several analysts have recently weighed in on the stock. William Blair reiterated a “market perform” rating on shares of Inventure Foods in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Inventure Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
Inventure Foods Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in the snack products segment. 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.
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