Amplify Snack Brands, Inc. (BETR) Receives Average Rating of “Hold” from Brokerages
Amplify Snack Brands, Inc. (NYSE:BETR) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8.25.
Several brokerages have recently issued reports on BETR. BidaskClub upgraded shares of Amplify Snack Brands from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Credit Suisse Group reduced their price objective on shares of Amplify Snack Brands from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, September 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Amplify Snack Brands in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks, Inc. lowered shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th.
ILLEGAL ACTIVITY NOTICE: This news story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/21/amplify-snack-brands-inc-betr-receives-average-rating-of-hold-from-brokerages.html.
In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total value of $280,000.00. Following the transaction, the insider now owns 1,273,866 shares in the company, valued at $8,917,062. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock. First Allied Advisory Services Inc. increased its position in shares of Amplify Snack Brands by 223.8% during the third quarter. First Allied Advisory Services Inc. now owns 34,000 shares of the company’s stock valued at $241,000 after buying an additional 23,500 shares during the period. Discovery Group I LLC grew its holdings in Amplify Snack Brands 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 purchasing an additional 1,430,843 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Amplify Snack Brands by 27.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 114,279 shares of the company’s stock worth $811,000 after purchasing an additional 24,543 shares during the period. Jupiter Asset Management Ltd. grew its holdings in Amplify Snack Brands by 14.0% in the third quarter. Jupiter Asset Management Ltd. now owns 538,626 shares of the company’s stock worth $3,819,000 after purchasing an additional 66,166 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Amplify Snack Brands in the third quarter worth about $1,417,000. Institutional investors own 92.98% of the company’s stock.
Amplify Snack Brands (NYSE:BETR) opened at $5.56 on Tuesday. Amplify Snack Brands has a 1 year low of $4.78 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34. The company has a market cap of $435.92 and a P/E ratio of 22.36.
Amplify Snack Brands (NYSE:BETR) last posted its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Amplify Snack Brands had a return on equity of 3.21% and a net margin of 0.71%. The firm had revenue of $94.86 million for the quarter, compared to the consensus estimate of $97.70 million. During the same period in the prior year, the business earned $0.12 EPS. Amplify Snack Brands’s quarterly revenue was up 39.5% compared to the same quarter last year. sell-side analysts forecast that Amplify Snack Brands will post 0.26 earnings per share for the current year.
Amplify Snack Brands 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.
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.