Trading Report: The 1,656 Shares of Inventure Foods Inc. (SNAK) are sold by California State Teachers Retirement System

The 1,656 Shares of Inventure Foods Inc. (SNAK) are sold by California State Teachers Retirement System

California State Teachers Retirement System cut its position in shares of Inventure Foods Inc. (NASDAQ:SNAK) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 39,768 shares of the company’s stock after selling 1,656 shares during the period. California State Teachers Retirement System owned about 0.20% of Inventure Foods worth $311,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Inventure Foods by 0.7% in the first quarter. State Street Corp now owns 200,919 shares of the company’s stock valued at $1,135,000 after buying an additional 1,418 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Inventure Foods by 2.0% in the first quarter. Geode Capital Management LLC now owns 126,354 shares of the company’s stock valued at $713,000 after buying an additional 2,533 shares during the last quarter. Falcon Point Capital LLC raised its position in shares of Inventure Foods by 12.5% in the second quarter. Falcon Point Capital LLC now owns 212,506 shares of the company’s stock valued at $1,660,000 after buying an additional 23,603 shares during the last quarter. ICM Asset Management Inc. WA raised its position in shares of Inventure Foods by 27.3% in the second quarter. ICM Asset Management Inc. WA now owns 322,200 shares of the company’s stock valued at $2,516,000 after buying an additional 69,010 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Inventure Foods by 34.3% in the first quarter. Royce & Associates LP now owns 463,062 shares of the company’s stock valued at $2,616,000 after buying an additional 118,192 shares during the last quarter. Institutional investors own 94.51% of the company’s stock.

Shares of Inventure Foods Inc. (NASDAQ:SNAK) traded down 1.59% during mid-day trading on Monday, reaching $9.28. 19,326 shares of the company’s stock traded hands. Inventure Foods Inc. has a 1-year low of $4.91 and a 1-year high of $9.81. The firm has a 50-day moving average price of $9.53 and a 200-day moving average price of $8.09. The company’s market capitalization is $182.55 million.

Inventure Foods (NASDAQ:SNAK) last issued its quarterly earnings results on Wednesday, July 27th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The company earned $69.30 million during the quarter, compared to analysts’ expectations of $66.40 million. Inventure Foods had a negative return on equity of 7.31% and a negative net margin of 1.98%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. On average, equities research analysts forecast that Inventure Foods Inc. will post $0.04 earnings per share for the current fiscal year.

A number of research firms recently issued reports on SNAK. Zacks Investment Research downgraded shares of Inventure Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. DA Davidson increased their target price on shares of Inventure Foods from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, September 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Inventure Foods currently has an average rating of “Buy” and a consensus price target of $9.60.

About Inventure Foods

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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