BidaskClub lowered shares of Amplify Snack Brands, inc. (NYSE:BETR) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Amplify Snack Brands, inc. from a hold rating to a sell rating in a report on Wednesday, May 10th. Jefferies Group LLC set a $12.00 price objective on Amplify Snack Brands, inc. and gave the stock a buy rating in a report on Saturday, July 29th. Wedbush reiterated a hold rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Finally, TheStreet upgraded Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $13.36.

Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded down 2.10% during midday trading on Thursday, reaching $7.47. The company’s stock had a trading volume of 176,354 shares. The company’s 50-day moving average price is $9.67 and its 200 day moving average price is $9.24. Amplify Snack Brands, inc. has a 12-month low of $7.33 and a 12-month high of $17.53. The company has a market capitalization of $573.40 million, a P/E ratio of 53.74 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Amplify Snack Brands, inc. had a return on equity of 36.58% and a net margin of 3.43%. The business had revenue of $101 million during the quarter, compared to analysts’ expectations of $98.99 million. During the same quarter last year, the business posted $0.15 EPS. The business’s revenue was up 68.6% on a year-over-year basis. On average, equities research analysts forecast that Amplify Snack Brands, inc. will post $0.37 earnings per share for the current year.

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In other news, CFO Brian Goldberg sold 40,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $8.97, for a total value of $358,800.00. Following the completion of the transaction, the chief financial officer now owns 1,433,866 shares of the company’s stock, valued at approximately $12,861,778.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew S. Friedman sold 6,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $9.43, for a total value of $56,580.00. The disclosure for this sale can be found here. Insiders sold a total of 268,000 shares of company stock valued at $2,571,340 in the last three months. Corporate insiders own 57.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Capital Management LLC purchased a new position in shares of Amplify Snack Brands, inc. during the first quarter valued at about $15,370,000. Champlain Investment Partners LLC raised its position in shares of Amplify Snack Brands, inc. by 65.7% in the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after buying an additional 825,720 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Amplify Snack Brands, inc. by 45.3% in the first quarter. Tributary Capital Management LLC now owns 1,031,992 shares of the company’s stock valued at $8,669,000 after buying an additional 321,607 shares in the last quarter. Century Capital Management LLC purchased a new position in shares of Amplify Snack Brands, inc. during the first quarter valued at about $2,279,000. Finally, Hodges Capital Management Inc. raised its position in shares of Amplify Snack Brands, inc. by 7.7% in the first quarter. Hodges Capital Management Inc. now owns 3,462,650 shares of the company’s stock valued at $29,086,000 after buying an additional 247,635 shares in the last quarter. 93.15% of the stock is owned by hedge funds and other institutional investors.

About Amplify Snack Brands, inc.

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.

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

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