Shares of Amplify Snack Brands, inc. (NYSE:BETR) have been assigned a consensus recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.50.

A number of brokerages recently issued reports on BETR. Zacks Investment Research downgraded Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Jefferies Group LLC set a $12.00 price objective on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research report on Saturday, July 29th. TheStreet upgraded Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

In related news, CFO Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $6.71, for a total value of $268,400.00. Following the sale, the chief financial officer now directly owns 1,353,866 shares of the company’s stock, valued at $9,084,440.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew S. Friedman sold 6,000 shares of the firm’s stock in a transaction dated 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 268,000 shares of company stock worth $2,475,740 over the last three months. 57.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC bought a new stake in shares of Amplify Snack Brands, inc. in the second quarter worth about $119,000. California State Teachers Retirement System grew its stake in shares of Amplify Snack Brands, inc. by 1.7% in the second quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock worth $565,000 after purchasing an additional 1,000 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Amplify Snack Brands, inc. by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 28,547 shares of the company’s stock worth $275,000 after purchasing an additional 3,899 shares during the last quarter. State Street Corp grew its stake in shares of Amplify Snack Brands, inc. by 5.4% in the second quarter. State Street Corp now owns 516,751 shares of the company’s stock worth $4,981,000 after purchasing an additional 26,607 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Amplify Snack Brands, inc. in the second quarter worth about $12,611,000. 95.86% of the stock is currently owned by institutional investors.

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Shares of Amplify Snack Brands, inc. (NYSE BETR) traded down 2.20% during trading on Wednesday, reaching $7.12. The company’s stock had a trading volume of 474,363 shares. Amplify Snack Brands, inc. has a 52-week low of $6.09 and a 52-week high of $17.00. The stock has a market cap of $546.54 million, a P/E ratio of 51.22 and a beta of 2.18. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $8.81.

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

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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