Amplify Snack Brands Inc. (BETR) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Amplify Snack Brands Inc. (NYSE:BETR)‘s stock had its “market perform” rating reissued by Oppenheimer Holdings Inc. in a research report issued on Tuesday.
Other research analysts also recently issued research reports about the company. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $19.00 price objective on shares of Amplify Snack Brands in a report on Thursday, August 11th. Zacks Investment Research upgraded Amplify Snack Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Credit Suisse Group AG downgraded Amplify Snack Brands from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Tuesday. DA Davidson boosted their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Goldman Sachs Group Inc. downgraded Amplify Snack Brands from a “buy” rating to a “neutral” rating and boosted their price target for the company from $15.45 to $18.00 in a report on Friday, October 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.71.
Amplify Snack Brands (NYSE:BETR) opened at 10.34 on Tuesday. The company has a market cap of $732.51 million, a price-to-earnings ratio of 42.90 and a beta of 2.68. Amplify Snack Brands has a one year low of $9.15 and a one year high of $17.53. The firm has a 50-day moving average price of $14.71 and a 200 day moving average price of $14.71.
Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Monday, November 14th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company earned $68 million during the quarter, compared to analysts’ expectations of $64.19 million. Amplify Snack Brands had a return on equity of 195.56% and a net margin of 10.16%. The firm’s quarterly revenue was up 48.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities analysts expect that Amplify Snack Brands will post $0.61 earnings per share for the current fiscal year.
In other news, CFO Brian Goldberg sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $15.97, for a total value of $415,220.00. Following the sale, the chief financial officer now directly owns 1,494,616 shares of the company’s stock, valued at approximately $23,869,017.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas C. Ennis sold 43,000 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $16.37, for a total value of $703,910.00. Following the completion of the sale, the chief executive officer now directly owns 2,889,827 shares in the company, valued at $47,306,467.99. The disclosure for this sale can be found here. Company insiders own 74.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in BETR. Great West Life Assurance Co. Can acquired a new position in Amplify Snack Brands during the third quarter valued at about $102,000. BlackRock Inc. boosted its position in 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. SG Americas Securities LLC acquired a new position in Amplify Snack Brands during the third quarter valued at about $119,000. Legal & General Group Plc acquired a new position in Amplify Snack Brands during the second quarter valued at about $127,000. Finally, PNC Financial Services Group Inc. boosted its position in Amplify Snack Brands by 121.1% in the third quarter. PNC Financial Services Group Inc. now owns 8,017 shares of the company’s stock valued at $130,000 after buying an additional 4,391 shares during the period. 88.04% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Amplify Snack Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Snack Brands Inc. and related stocks with our FREE daily email newsletter.