Amplify Snack Brands Inc (NYSE:BETR) Receives $18.50 Consensus Price Target from Analysts
Amplify Snack Brands Inc (NYSE:BETR) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the stock. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.50.
A number of brokerages recently commented on BETR. Oppenheimer Holdings Inc. upped their price objective on Amplify Snack Brands from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 7th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $19.00 price target on shares of Amplify Snack Brands in a research report on Thursday, August 11th. DA Davidson boosted their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd.
In other news, Director Pamela L. Netzky sold 10,500 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $16.20, for a total value of $170,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew S. Friedman sold 8,200 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $16.59, for a total value of $136,038.00. The disclosure for this sale can be found here. 74.70% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Amplify Snack Brands by 332.7% in the second quarter. BlackRock Inc. now owns 7,603 shares of the company’s stock valued at $112,000 after buying an additional 5,846 shares during the period. Royal Bank of Canada increased its stake in shares of Amplify Snack Brands by 863,500.0% in the first quarter. Royal Bank of Canada now owns 8,636 shares of the company’s stock valued at $124,000 after buying an additional 8,635 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Amplify Snack Brands during the second quarter valued at approximately $127,000. Sei Investments Co. increased its stake in shares of Amplify Snack Brands by 13.9% in the second quarter. Sei Investments Co. now owns 8,931 shares of the company’s stock valued at $132,000 after buying an additional 1,089 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Amplify Snack Brands during the first quarter valued at approximately $156,000. Institutional investors and hedge funds own 90.99% of the company’s stock.
Shares of Amplify Snack Brands (NYSE:BETR) opened at 15.77 on Tuesday. The company has a 50-day moving average of $16.15 and a 200 day moving average of $14.61. The stock has a market cap of $1.12 billion and a price-to-earnings ratio of 65.44. Amplify Snack Brands has a one year low of $9.15 and a one year high of $17.53.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm earned $59.90 million during the quarter, compared to the consensus estimate of $47.40 million. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. Amplify Snack Brands’s revenue was up 26.4% on a year-over-year basis. On average, equities analysts forecast that Amplify Snack Brands will post $0.61 earnings per share for the current fiscal year.
Amplify Snack Brands Company Profile
Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.
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