Amplify Snack Brands Inc (NYSE:BETR) has been given a consensus recommendation of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $14.36.
A number of equities analysts have recently commented on BETR shares. Zacks Investment Research upgraded shares of Amplify Snack Brands from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, July 13th. Jefferies Group LLC set a $12.00 price objective on shares of Amplify Snack Brands and gave the stock a “buy” rating in a research note on Saturday, July 29th. Finally, TheStreet raised shares of Amplify Snack Brands from a “d+” rating to a “c” rating in a report on Wednesday.
In other news, CEO Thomas C. Ennis sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total transaction of $485,000.00. Following the transaction, the chief executive officer now directly owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $9.96, for a total transaction of $398,400.00. Following the transaction, the chief financial officer now directly owns 1,393,866 shares in the company, valued at $13,882,905.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 268,000 shares of company stock worth $2,571,340. Insiders own 57.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of BETR. Wells Fargo & Company MN raised its stake in Amplify Snack Brands by 11.1% in the first quarter. Wells Fargo & Company MN now owns 77,917 shares of the company’s stock valued at $654,000 after buying an additional 7,766 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Amplify Snack Brands during the first quarter valued at about $765,000. Independent Portfolio Consultants Inc. purchased a new stake in Amplify Snack Brands during the first quarter valued at about $532,000. Personal Capital Advisors Corp raised its stake in Amplify Snack Brands by 49.4% in the first quarter. Personal Capital Advisors Corp now owns 340,649 shares of the company’s stock valued at $2,899,000 after buying an additional 112,621 shares in the last quarter. Finally, First National Bank of Omaha raised its stake in Amplify Snack Brands by 49.3% in the first quarter. First National Bank of Omaha now owns 99,178 shares of the company’s stock valued at $833,000 after buying an additional 32,765 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.
Amplify Snack Brands (BETR) traded down 1.31% during mid-day trading on Tuesday, reaching $9.76. The company’s stock had a trading volume of 169,551 shares. The firm’s 50 day moving average price is $9.69 and its 200 day moving average price is $9.33. Amplify Snack Brands has a 52 week low of $7.86 and a 52 week high of $17.53. The firm has a market capitalization of $725.09 million, a P/E ratio of 38.27 and a beta of 2.04.
Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Amplify Snack Brands had a return on equity of 3.64% and a net margin of 0.61%. The business had revenue of $87.21 million for the quarter, compared to analyst estimates of $87.54 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 60.5% on a year-over-year basis. On average, analysts anticipate that Amplify Snack Brands will post $0.42 EPS for the current fiscal year.
Amplify Snack Brands 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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