Amplify Snack Brands Inc. (NYSE:BETR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas. “

A number of other research analysts have also weighed in on the stock. Goldman Sachs Group Inc. lowered shares of Amplify Snack Brands from a “buy” rating to a “neutral” rating and raised their price target for the company from $15.45 to $18.00 in a research report on Friday, October 14th. Credit Suisse Group AG lowered shares of Amplify Snack Brands from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Tuesday, November 15th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Amplify Snack Brands in a research report on Tuesday, November 15th. TheStreet lowered shares of Amplify Snack Brands from a “hold” rating to a “sell” rating in a research report on Monday, November 14th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $19.00 price objective on shares of Amplify Snack Brands in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $17.71.

Analyst Recommendations for Amplify Snack Brands (NYSE:BETR)

Shares of Amplify Snack Brands (NYSE:BETR) opened at 9.84 on Thursday. Amplify Snack Brands has a 52-week low of $9.15 and a 52-week high of $17.53. The company’s 50 day moving average is $15.10 and its 200 day moving average is $14.80. The firm has a market cap of $722.03 million, a price-to-earnings ratio of 33.36 and a beta of 2.68.

Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings results on Monday, November 14th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. Amplify Snack Brands had a net margin of 10.16% and a return on equity of 113.22%. The firm had revenue of $68 million for the quarter, compared to the consensus estimate of $64.19 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 48.1% on a year-over-year basis. Analysts anticipate that Amplify Snack Brands will post $0.50 earnings per share for the current year.

In related news, Director Andrew S. Friedman sold 8,200 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $16.59, for a total transaction of $136,038.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas C. Ennis sold 43,000 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $16.37, for a total transaction of $703,910.00. Following the transaction, the chief executive officer now directly owns 2,889,827 shares of the company’s stock, valued at approximately $47,306,467.99. The disclosure for this sale can be found here. 74.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can purchased a new position in shares of Amplify Snack Brands during the third quarter valued at approximately $102,000. SG Americas Securities LLC purchased a new position in shares of Amplify Snack Brands during the third quarter valued at approximately $119,000. BlackRock Inc. boosted its position 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 in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Amplify Snack Brands during the second quarter valued at approximately $127,000. 88.04% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:BETR

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