UPDATE: Imperial Capital Initiates Inventure Foods at Outperform on Strong Underpinnings for Revenue/EPS

In a report published Thursday, Imperial Capital analyst Mitchell B. Pinheiro initiated coverage on Inventure Foods SNAK with an Outperform rating and $12.00 price target.

In the report, Imperial Capital noted, “We are initiating coverage of Inventure Foods, Inc. (SNAK) with an Outperform rating and a one-year price target of $12, about 55% above the recent share price. In our view, SNAK's exposure to the attractive natural and healthy subsegments of the packaged food industry should provide strong underpinnings for sustainable double-digit revenue and EPS over the next three years.”

Inventure Foods closed on Wednesday at $7.75.