Amplify Snack Brands, inc. (NYSE:BETR) rose 8.7% during trading on Thursday . The company traded as high as $7.22 and last traded at $6.96. Approximately 4,514,600 shares were traded during trading, an increase of 814% from the average daily volume of 493,791 shares. The stock had previously closed at $6.40.

BETR has been the topic of a number of research analyst reports. BidaskClub raised shares of Amplify Snack Brands from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group reissued a “buy” rating and set a $12.00 price objective on shares of Amplify Snack Brands in a report on Thursday, August 31st. Berenberg Bank initiated coverage on shares of Amplify Snack Brands in a report on Thursday, November 16th. They set a “hold” rating and a $5.00 price objective on the stock. SunTrust Banks lowered shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Oppenheimer reissued a “hold” rating on shares of Amplify Snack Brands in a report on Wednesday. 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 stock. The company has an average rating of “Hold” and an average price target of $8.75.

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 company has a market capitalization of $551.04, a PE ratio of 28.72, a PEG ratio of 2.23 and a beta of 2.00.

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

In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total transaction of $280,400.00. Following the transaction, the insider now directly owns 1,313,866 shares in the company, valued at approximately $9,210,200.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 57.40% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Discovery Group I LLC raised its position in shares of Amplify Snack Brands by 41.0% in the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after acquiring an additional 1,430,843 shares during the period. Macquarie Group Ltd. raised its position in shares of Amplify Snack Brands by 3.0% in the 2nd quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock valued at $30,636,000 after acquiring an additional 91,157 shares during the period. Vanguard Group Inc. raised its position in shares of Amplify Snack Brands by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after acquiring an additional 195,433 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Amplify Snack Brands in the 2nd quarter valued at approximately $12,611,000. Finally, Voya Investment Management LLC raised its position in shares of Amplify Snack Brands by 10.2% in the 2nd quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock valued at $12,593,000 after acquiring an additional 120,898 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.

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About Amplify Snack Brands

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.

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