Amplify Snack Brands, inc. (BETR) Now Covered by Berenberg Bank

Research analysts at Berenberg Bank initiated coverage on shares of Amplify Snack Brands, inc. (NYSE:BETR) in a note issued to investors on Thursday. The brokerage set a “hold” rating and a $5.00 price target on the stock. Berenberg Bank’s price target indicates a potential downside of 10.55% from the company’s previous close.

Several other equities analysts have also recently commented on BETR. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a research note on Saturday, July 29th. Zacks Investment Research cut shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. TheStreet upgraded shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. Finally, BidaskClub cut shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.75.

Amplify Snack Brands, inc. (BETR) opened at $5.59 on Thursday. The company has a market cap of $412.13 and a price-to-earnings ratio of 20.28. Amplify Snack Brands, inc. has a one year low of $4.78 and a one year high of $11.35. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34.

Amplify Snack Brands, inc. (NYSE:BETR) last released its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $94.86 million for the quarter, compared to analyst estimates of $97.70 million. Amplify Snack Brands, inc. had a net margin of 2.92% and a return on equity of 25.78%. Amplify Snack Brands, inc.’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 earnings per share. equities analysts predict that Amplify Snack Brands, inc. will post 0.26 earnings per share for the current year.

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In other news, insider Brian Goldberg sold 40,000 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now owns 1,273,866 shares in the company, valued at approximately $8,917,062. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 57.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in shares of Amplify Snack Brands, inc. by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock worth $565,000 after purchasing an additional 1,000 shares in the last quarter. American International Group Inc. increased its position in shares of Amplify Snack Brands, inc. by 7.1% during the 1st quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after purchasing an additional 1,186 shares in the last quarter. First National Bank of Omaha increased its position in shares of Amplify Snack Brands, inc. by 1.3% during the 2nd quarter. First National Bank of Omaha now owns 100,473 shares of the company’s stock worth $969,000 after purchasing an additional 1,295 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Amplify Snack Brands, inc. by 8.3% during the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of Amplify Snack Brands, inc. by 2.5% during the 2nd quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock worth $553,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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.

Analyst Recommendations for Amplify Snack Brands, inc. (NYSE:BETR)

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