Amplify Snack Brands, inc. (NYSE:BETR) Director Pamela L. Netzky sold 35,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $10.02, for a total value of $350,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded up 1.95% on Thursday, reaching $10.46. The company had a trading volume of 146,149 shares. The firm’s 50 day moving average is $9.25 and its 200 day moving average is $9.30. The firm has a market capitalization of $777.09 million, a PE ratio of 41.02 and a beta of 2.01. Amplify Snack Brands, inc. has a 12 month low of $7.86 and a 12 month high of $17.53.
Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The business had revenue of $87.21 million during the quarter, compared to analyst estimates of $87.54 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 60.5% on a year-over-year basis. On average, equities research analysts expect that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Commerce Bank boosted its stake in Amplify Snack Brands, inc. by 36.5% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock worth $143,000 after buying an additional 4,535 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Amplify Snack Brands, inc. during the fourth quarter worth approximately $150,000. American International Group Inc. boosted its stake in Amplify Snack Brands, inc. by 7.1% in the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after buying an additional 1,186 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Amplify Snack Brands, inc. by 15.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after buying an additional 2,827 shares during the period. Finally, US Bancorp DE boosted its stake in Amplify Snack Brands, inc. by 85.3% in the first quarter. US Bancorp DE now owns 23,480 shares of the company’s stock worth $197,000 after buying an additional 10,808 shares during the period. Institutional investors own 93.90% of the company’s stock.
Separately, Zacks Investment Research raised Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Amplify Snack Brands, inc. has an average rating of “Hold” and a consensus price target of $14.83.
Amplify Snack Brands, inc. Company Profile
Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.
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