Amplify Snack Brands, inc. (NYSE:BETR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, July 14th.
According to Zacks, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas. “
Shares of Amplify Snack Brands, inc. (NYSE BETR) opened at 9.76 on Friday. The firm has a market capitalization of $725.09 million, a price-to-earnings ratio of 38.27 and a beta of 2.04. The company’s 50 day moving average price is $9.69 and its 200 day moving average price is $9.33. Amplify Snack Brands, inc. has a 52-week low of $7.86 and a 52-week high of $17.53.
Amplify Snack Brands, inc. (NYSE:BETR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Amplify Snack Brands, inc. had a return on equity of 47.40% and a net margin of 6.39%. The firm had revenue of $87.21 million for the quarter, compared to analyst estimates of $87.54 million. During the same period in the previous year, the business posted $0.13 EPS. Amplify Snack Brands, inc.’s revenue for the quarter was up 60.5% compared to the same quarter last year. Analysts forecast that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current year.
In related news, Director Andrew S. Friedman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $9.43, for a total transaction of $56,580.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew S. Friedman sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $9.48, for a total value of $113,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock worth $2,571,340 in the last three months. 57.40% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. First National Bank of Omaha increased its position in Amplify Snack Brands, inc. 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 during the period. Comerica Bank bought a new position in Amplify Snack Brands, inc. during the fourth quarter valued at approximately $832,000. Champlain Investment Partners LLC increased its position in Amplify Snack Brands, inc. by 65.7% in the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after buying an additional 825,720 shares during the period. Janus Capital Management LLC bought a new position in Amplify Snack Brands, inc. during the first quarter valued at approximately $15,370,000. Finally, Tributary Capital Management LLC increased its position in Amplify Snack Brands, inc. by 45.3% in the first quarter. Tributary Capital Management LLC now owns 1,031,992 shares of the company’s stock valued at $8,669,000 after buying an additional 321,607 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.
About Amplify Snack Brands, inc.
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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