Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. (NYSE:BETR) from a hold rating to a buy rating in a report issued on Thursday, July 13th. The firm currently has $11.00 price target on the stock.

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. “

Amplify Snack Brands, inc. (NYSE:BETR) opened at 9.44 on Thursday. Amplify Snack Brands, inc. has a 12-month low of $7.86 and a 12-month high of $17.53. The company’s 50 day moving average price is $9.69 and its 200-day moving average price is $9.33. The company has a market capitalization of $701.32 million, a P/E ratio of 37.02 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last released its earnings results on Tuesday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The business had revenue of $87.21 million for the quarter, compared to analysts’ expectations of $87.54 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. Amplify Snack Brands, inc.’s revenue for the quarter was up 60.5% on a year-over-year basis. Equities analysts forecast that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/08/zacks-investment-research-upgrades-amplify-snack-brands-inc-nysebetr-to-buy-updated-updated-updated.html.

In related news, Director Andrew S. Friedman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $9.43, for a total transaction of $56,580.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew S. Friedman sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $9.48, for a total transaction of $113,760.00. The disclosure for this sale can be found here. Insiders have sold 268,000 shares of company stock valued at $2,571,340 in the last three months. 57.40% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of BETR. Victory Capital Management Inc. increased its stake in shares of Amplify Snack Brands, inc. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after buying an additional 1,667 shares during the last quarter. Commerce Bank increased its stake in shares of Amplify Snack Brands, inc. by 36.5% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock worth $143,000 after buying an additional 4,535 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Amplify Snack Brands, inc. during the fourth quarter worth about $150,000. American International Group Inc. increased its stake in shares of Amplify Snack Brands, inc. by 7.1% in the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after buying an additional 1,186 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Amplify Snack Brands, inc. by 15.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after buying an additional 2,827 shares during the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

Amplify Snack Brands, inc. Company Profile

Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.

Get a free copy of the Zacks research report on Amplify Snack Brands, inc. (BETR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Amplify Snack Brands, inc. (NYSE:BETR)

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.