Amplify Snack Brands, inc. (NYSE:BETR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

A number of other research analysts have also recently commented on BETR. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research report on Saturday, July 29th. TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. BidaskClub cut shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Credit Suisse Group reduced their target price on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $8.75.

Amplify Snack Brands, inc. (BETR) traded up $0.24 during midday trading on Wednesday, hitting $5.37. 464,700 shares of the stock were exchanged, compared to its average volume of 453,378. Amplify Snack Brands, inc. has a twelve month low of $4.78 and a twelve month high of $11.35. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 6.51. The firm has a market capitalization of $393.71, a PE ratio of 20.52, a P/E/G ratio of 1.59 and a beta of 2.10.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Amplify Snack Brands, inc. had a return on equity of 25.78% and a net margin of 2.92%. The firm had revenue of $94.86 million for the quarter, compared to analyst estimates of $97.70 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. equities analysts forecast that Amplify Snack Brands, inc. will post 0.26 earnings per share for the current fiscal year.

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In related news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total value of $280,000.00. Following the completion of the sale, the insider now owns 1,273,866 shares in the company, valued at $8,917,062. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 57.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the stock. Discovery Group I LLC increased its stake in shares of Amplify Snack Brands, inc. by 41.0% in the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock worth $34,874,000 after buying an additional 1,430,843 shares during the last quarter. Macquarie Group Ltd. increased its stake in Amplify Snack Brands, inc. by 3.0% during the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock valued at $30,636,000 after purchasing an additional 91,157 shares during the last quarter. Vanguard Group Inc. increased its stake in Amplify Snack Brands, inc. by 8.4% during the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after purchasing an additional 195,433 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Amplify Snack Brands, inc. during the second quarter valued at $12,611,000. Finally, Voya Investment Management LLC increased its stake in Amplify Snack Brands, inc. by 10.2% during the second quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock valued at $12,593,000 after purchasing an additional 120,898 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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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