Pamela L. Netzky Sells 10,500 Shares of Amplify Snack Brands Inc. (BETR) Stock
Amplify Snack Brands Inc. (NYSE:BETR) Director Pamela L. Netzky sold 10,500 shares of the company’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $15.60, for a total value of $163,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Amplify Snack Brands Inc. (NYSE:BETR) opened at 15.04 on Wednesday. The firm has a 50-day moving average price of $16.18 and a 200 day moving average price of $14.81. Amplify Snack Brands Inc. has a 12-month low of $9.15 and a 12-month high of $17.53. The stock has a market cap of $1.07 billion, a PE ratio of 62.41 and a beta of 2.59.
Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business had revenue of $59.90 million for the quarter, compared to analysts’ expectations of $47.40 million. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. Equities research analysts expect that Amplify Snack Brands Inc. will post $0.61 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Prudential Financial Inc. acquired a new stake in Amplify Snack Brands during the first quarter worth approximately $1,489,000. Goldman Sachs Group Inc. boosted its stake in Amplify Snack Brands by 298.8% in the first quarter. Goldman Sachs Group Inc. now owns 132,440 shares of the company’s stock worth $1,897,000 after buying an additional 99,227 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Amplify Snack Brands during the first quarter worth approximately $2,473,000. Geode Capital Management LLC boosted its stake in shares of Amplify Snack Brands by 16.9% in the first quarter. Geode Capital Management LLC now owns 100,777 shares of the company’s stock valued at $1,443,000 after buying an additional 14,601 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Amplify Snack Brands during the first quarter valued at about $1,888,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Amplify Snack Brands from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday. DA Davidson upped their price objective on Amplify Snack Brands from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Goldman Sachs Group Inc. cut Amplify Snack Brands from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $15.45 to $18.00 in a report on Friday, October 14th. 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 report on Wednesday, September 7th. Finally, Piper Jaffray Cos. restated an “overweight” rating and set a $18.00 target price on shares of Amplify Snack Brands in a report on Saturday, July 2nd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.14.
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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