Inventure Foods: Given The Reasonable Current Valuation We Would Accumulate The Stock, Says Roth Capital
In a research report issued today, Roth Capital analyst Anton Brenner reiterated a Buy rating on Inventure Foods (NASDAQ:SNAK) with a $15 price target, which represents a potential upside of 18% from where the stock is currently trading.
Brenner commented: “SNAK’s focus on healthy natural snacks and frozen products, now more than 80% of sales, is generating strong sales growth. Frozen berry sales have been increasing at a double-digit rate, as have Boulder Canyon snack sales. We anticipate meaningful profit margin improvement over the next several years, and we anticipate sustained income growth of ~20%. Given the reasonable current valuation, we would accumulate the stock at current price levels.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 9.3% and a 53.1% success rate. Brenner has a 13.4% average return when recommending SNAK, and is ranked #700 out of 3318 analysts.