6. Inventure Foods (SNAK) is a marketer and manufacturer of healthy, all-natural and indulgent specialty snack food brands. The company operates in three segments: manufactured snack products, berry products and distributed products.
Net revenue earned during the first quarter of 2011 increased 16.7% to $36.6 million vs. $31.4 million in the year-ago quarter. The key drivers for this increase are a 44.7% boost for Boulder Canyon foods because of category growth, new distribution, success of new items and investment in marketing and people to support the brand, and a 17.6% increase for T.G.I. Friday's brand.
Gross profit increased 15.8% year-over-year to $7.9 million, while operating income grew 5.9% to $2.4 million from $2.3 million in the prior year's quarter. Net income was $1.4 million, or 8 cents a share, compared to $1.2 million, or 7 cents a share, in the first quarter of 2010.
All the five analysts covering the stock rate a buy. There are no sell ratings on the stock. On average, analysts estimate 40.3% upside to $5.50 in value from current levels.
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