Amplify Snack Brands, inc. (NYSE:BETR) released its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08, Bloomberg Earnings reports. The business had revenue of $101 million during the quarter, compared to analyst estimates of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 39.19%. Amplify Snack Brands, inc.’s revenue was up 68.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Amplify Snack Brands, inc. updated its FY17 guidance to $0.35-0.43 EPS.

Shares of Amplify Snack Brands, inc. (BETR) opened at 8.14 on Thursday. Amplify Snack Brands, inc. has a 52 week low of $7.86 and a 52 week high of $17.53. The company has a market capitalization of $624.83 million, a price-to-earnings ratio of 58.56 and a beta of 2.04. The stock has a 50 day moving average of $9.76 and a 200-day moving average of $9.28.

A number of research firms have weighed in on BETR. Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday. TheStreet upgraded shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC set a $12.00 price objective on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Zacks Investment Research lowered shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.06.

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In other news, Director Andrew S. Friedman sold 6,000 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $9.43, for a total transaction of $56,580.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew S. Friedman sold 12,000 shares of the company’s stock in a transaction dated 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. In the last 90 days, insiders have sold 268,000 shares of company stock worth $2,571,340. Corporate insiders own 57.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of BETR. Thompson Investment Management Inc. increased its position in Amplify Snack Brands, inc. by 2.5% in the second quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock valued at $553,000 after buying an additional 1,400 shares during the period. Victory Capital Management Inc. increased its position in 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 valued at $107,000 after buying an additional 1,667 shares during the period. Bank of New York Mellon Corp increased its position in Amplify Snack Brands, inc. by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 147,907 shares of the company’s stock valued at $1,425,000 after buying an additional 10,692 shares during the period. Rhumbline Advisers increased its position in Amplify Snack Brands, inc. by 14.8% in the second quarter. Rhumbline Advisers now owns 36,328 shares of the company’s stock valued at $350,000 after buying an additional 4,675 shares during the period. Finally, Cambridge Trust Co. increased its position in Amplify Snack Brands, inc. by 6.4% in the second quarter. Cambridge Trust Co. now owns 44,340 shares of the company’s stock valued at $427,000 after buying an additional 2,653 shares during the period. Hedge funds and other institutional investors own 93.22% of the company’s stock.

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.

Earnings History for Amplify Snack Brands, inc. (NYSE:BETR)

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