Berry Plastics Group Inc. (NYSE:BERY) announced its quarterly earnings results on Tuesday. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.14. Berry Plastics Group had a net margin of 3.41% and a return on equity of 1,464.14%. The firm earned $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year.

Shares of Berry Plastics Group (NYSE:BERY) traded up 7.40% during trading on Tuesday, hitting $49.34. 4,032,242 shares of the stock were exchanged. The stock’s 50 day moving average price is $44.81 and its 200-day moving average price is $42.17. Berry Plastics Group has a one year low of $27.79 and a one year high of $50.26. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 29.51 and a beta of 1.07.

Earnings History for Berry Plastics Group (NYSE:BERY)

A number of research analysts recently commented on the stock. Credit Suisse Group AG increased their price target on shares of Berry Plastics Group from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Royal Bank Of Canada increased their price target on shares of Berry Plastics Group from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Zacks Investment Research raised shares of Berry Plastics Group from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $47.00 price target (up previously from $44.00) on shares of Berry Plastics Group in a report on Saturday, August 13th. Finally, Jefferies Group assumed coverage on shares of Berry Plastics Group in a report on Thursday, October 13th. They issued a “buy” rating and a $52.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Berry Plastics Group has a consensus rating of “Buy” and an average target price of $49.69.

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A number of hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its stake in shares of Berry Plastics Group by 100.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,764,447 shares of the company’s stock valued at $107,399,000 after buying an additional 1,385,228 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Berry Plastics Group by 12.0% in the second quarter. Teachers Advisors Inc. now owns 1,415,334 shares of the company’s stock valued at $54,986,000 after buying an additional 151,793 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Berry Plastics Group by 9.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 951,034 shares of the company’s stock valued at $41,703,000 after buying an additional 81,611 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Berry Plastics Group by 17.7% in the second quarter. Westfield Capital Management Co. LP now owns 884,320 shares of the company’s stock valued at $34,356,000 after buying an additional 132,810 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in shares of Berry Plastics Group by 71.0% in the third quarter. Credit Suisse AG now owns 387,007 shares of the company’s stock valued at $16,970,000 after buying an additional 160,630 shares in the last quarter.

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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