Investment analysts at Jefferies Group began coverage on shares of Berry Plastics Group Inc. (NYSE:BERY) in a research note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Other equities analysts have also issued reports about the company. Citigroup Inc. lifted their price objective on Berry Plastics Group from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Berry Plastics Group in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Berry Plastics Group from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Monday, August 8th. BMO Capital Markets lifted their price objective on Berry Plastics Group from $37.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, August 26th. Finally, SunTrust Banks Inc. began coverage on Berry Plastics Group in a research note on Tuesday, July 12th. They issued a “neutral” rating and a $42.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Berry Plastics Group presently has an average rating of “Buy” and an average price target of $48.38.

Analyst Recommendations for Berry Plastics Group (NYSE:BERY)

Shares of Berry Plastics Group (NYSE:BERY) opened at 44.12 on Thursday. Berry Plastics Group has a one year low of $27.79 and a one year high of $46.26. The company has a 50 day moving average price of $44.52 and a 200 day moving average price of $40.07. The company has a market cap of $5.36 billion, a P/E ratio of 26.39 and a beta of 1.08.

Berry Plastics Group (NYSE:BERY) last posted its earnings results on Tuesday, August 9th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.21. Berry Plastics Group had a return on equity of 1,464.14% and a net margin of 3.41%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue was up 32.6% compared to the same quarter last year. Equities research analysts expect that Berry Plastics Group will post $2.34 earnings per share for the current year.

In other Berry Plastics Group news, President Curt Begle sold 16,143 shares of Berry Plastics Group stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $42.07, for a total transaction of $679,136.01. Following the sale, the president now directly owns 45,263 shares of the company’s stock, valued at $1,904,214.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First National Bank of Omaha bought a new position in Berry Plastics Group during the third quarter valued at $3,810,000. BNP Paribas Arbitrage SA boosted its position in Berry Plastics Group by 72.1% in the third quarter. BNP Paribas Arbitrage SA now owns 228,647 shares of the company’s stock valued at $10,026,000 after buying an additional 95,823 shares during the period. Harbour Capital Advisors LLC bought a new position in Berry Plastics Group during the second quarter valued at $854,000. Royal Bank of Canada boosted its position in Berry Plastics Group by 18.2% in the second quarter. Royal Bank of Canada now owns 842,136 shares of the company’s stock valued at $32,718,000 after buying an additional 129,793 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Berry Plastics Group by 1,188.5% in the second quarter. Public Employees Retirement System of Ohio now owns 52,880 shares of the company’s stock valued at $2,054,000 after buying an additional 48,776 shares during the period. 96.50% of the stock is currently owned by institutional investors and hedge funds.

About Berry Plastics Group

Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.

5 Day Chart for NYSE:BERY

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