William Blair cut shares of Amplify Snack Brands (NYSE:BETR) from an outperform rating to a market perform rating in a research note published on Monday, December 18th, MarketBeat reports.
Several other equities research analysts have also commented on the stock. Oppenheimer restated a hold rating on shares of Amplify Snack Brands in a report on Wednesday, December 13th. Berenberg Bank began coverage on shares of Amplify Snack Brands in a report on Thursday, November 16th. They issued a hold rating and a $5.00 price target for the company. Zacks Investment Research upgraded shares of Amplify Snack Brands from a sell rating to a hold rating in a report on Wednesday, November 15th. SunTrust Banks lowered shares of Amplify Snack Brands from a buy rating to a hold rating in a report on Wednesday, November 8th. Finally, Jefferies Group set a $10.00 price target on shares of Amplify Snack Brands and gave the company a buy rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Amplify Snack Brands currently has a consensus rating of Hold and a consensus target price of $8.75.
Amplify Snack Brands (NYSE BETR) traded up $0.01 during trading on Monday, reaching $12.10. 395,552 shares of the company’s stock traded hands, compared to its average volume of 830,644. The stock has a market cap of $928.63 and a PE ratio of 100.83. 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 has a 12 month low of $4.78 and a 12 month high of $12.32.
Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $94.86 million during the quarter, compared to analysts’ expectations of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. Amplify Snack Brands’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. research analysts predict that Amplify Snack Brands will post 0.26 earnings per share for the current year.
In related news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 57.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. bought a new position in shares of Amplify Snack Brands during the 3rd quarter worth approximately $102,000. Victory Capital Management Inc. raised its stake in shares of Amplify Snack Brands by 17.6% during the 2nd 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 in the last quarter. Verition Fund Management LLC bought a new position in shares of Amplify Snack Brands during the 2nd quarter worth approximately $119,000. Nationwide Fund Advisors raised its stake in shares of Amplify Snack Brands by 8.3% during the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Amplify Snack Brands by 15.2% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after acquiring an additional 2,827 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.
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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.
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