Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. (NYSE:BETR) from a sell rating to a hold rating in a report issued on Thursday morning.
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. “
A number of other research firms also recently commented on BETR. Wedbush restated a hold rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Jefferies Group LLC set a $12.00 price objective on Amplify Snack Brands, inc. and gave the stock a buy rating in a report on Saturday, July 29th. BidaskClub downgraded Amplify Snack Brands, inc. from a hold rating to a sell rating in a report on Thursday, August 10th. Finally, TheStreet upgraded Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $13.36.
Amplify Snack Brands, inc. (NYSE BETR) traded down 0.76% on Thursday, hitting $6.55. The stock had a trading volume of 551,779 shares. The stock has a market cap of $502.78 million, a price-to-earnings ratio of 47.12 and a beta of 2.04. Amplify Snack Brands, inc. has a one year low of $6.40 and a one year high of $17.53. The stock’s 50 day moving average is $9.35 and its 200 day moving average is $9.14.
Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $101 million for the quarter, compared to the consensus estimate of $98.99 million. Amplify Snack Brands, inc. had a return on equity of 36.58% and a net margin of 3.43%. The company’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. Analysts anticipate that Amplify Snack Brands, inc. will post $0.37 earnings per share for the current year.
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In other news, CFO Brian Goldberg sold 40,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $6.71, for a total value of $268,400.00. Following the completion of the sale, the chief financial officer now owns 1,353,866 shares in the company, valued at $9,084,440.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas C. Ennis sold 50,000 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $9.70, for a total value of $485,000.00. Following the completion of the sale, the chief executive officer now owns 2,930,952 shares of the company’s stock, valued at approximately $28,430,234.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 308,000 shares of company stock valued at $2,839,740. Insiders own 57.40% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. raised its stake in Amplify Snack Brands, inc. by 7.7% in the first quarter. Hodges Capital Management Inc. now owns 3,462,650 shares of the company’s stock worth $29,086,000 after buying an additional 247,635 shares during the period. Macquarie Group Ltd. raised its stake in Amplify Snack Brands, inc. by 3.0% in the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock worth $30,636,000 after buying an additional 91,157 shares during the period. Vanguard Group Inc. raised its stake in Amplify Snack Brands, inc. by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after buying an additional 195,433 shares during the period. Champlain Investment Partners LLC raised its stake 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 worth $17,493,000 after buying an additional 825,720 shares during the period. Finally, Janus Capital Management LLC bought a new stake in Amplify Snack Brands, inc. during the first quarter worth about $15,370,000. Institutional investors and hedge funds own 93.15% 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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