Amplify Snack Brands, inc. (BETR) Shares Bought by State Street Corp

State Street Corp lifted its holdings in shares of Amplify Snack Brands, inc. (NYSE:BETR) by 5.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 516,751 shares of the company’s stock after acquiring an additional 26,607 shares during the period. State Street Corp owned approximately 0.67% of Amplify Snack Brands worth $4,981,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BETR. Victory Capital Management Inc. grew its stake in shares of Amplify Snack Brands by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after acquiring an additional 1,667 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Amplify Snack Brands by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after purchasing an additional 1,391 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Amplify Snack Brands by 15.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after purchasing an additional 2,827 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Amplify Snack Brands by 63.9% during the second quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after purchasing an additional 7,438 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Amplify Snack Brands by 77.4% during the second quarter. Alliancebernstein L.P. now owns 29,100 shares of the company’s stock worth $281,000 after purchasing an additional 12,700 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.

A number of equities research analysts recently commented on BETR shares. Wedbush reaffirmed a “hold” rating on shares of Amplify Snack Brands in a report on Tuesday, August 8th. BidaskClub downgraded Amplify Snack Brands from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Jefferies Group reaffirmed a “buy” rating and set a $12.00 target price on shares of Amplify Snack Brands in a report on Thursday, August 31st. Finally, Credit Suisse Group decreased their target price on Amplify Snack Brands from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Amplify Snack Brands has an average rating of “Hold” and an average target price of $8.75.

In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.01, for a total value of $280,400.00. Following the completion of the transaction, the insider now directly owns 1,313,866 shares of the company’s stock, valued at $9,210,200.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 57.40% of the company’s stock.

Shares of Amplify Snack Brands, inc. (BETR) traded up $0.50 during trading hours on Wednesday, reaching $6.31. The company’s stock had a trading volume of 904,800 shares, compared to its average volume of 466,570. Amplify Snack Brands, inc. has a one year low of $4.78 and a one year high of $11.35. The firm has a market capitalization of $445.89, a P/E ratio of 23.24, a PEG ratio of 1.81 and a beta of 2.00. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94.

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

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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.

Institutional Ownership by Quarter for Amplify Snack Brands (NYSE:BETR)

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