William Blair lowered shares of Amplify Snack Brands (NYSE:BETR) from an outperform rating to a market perform rating in a research report sent to investors on Monday, MarketBeat.com reports.

BETR has been the topic of a number of other research reports. BidaskClub raised shares of Amplify Snack Brands from a strong sell rating to a sell rating in a research report on Friday, September 1st. Credit Suisse Group decreased their target price on shares of Amplify Snack Brands from $9.00 to $7.00 and set a neutral rating on the stock in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Amplify Snack Brands from a sell rating to a hold rating in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a buy rating and issued a $12.00 target price on shares of Amplify Snack Brands in a research report on Thursday, August 31st. Finally, SunTrust Banks cut shares of Amplify Snack Brands from a buy rating to a hold rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $8.75.

Amplify Snack Brands (NYSE:BETR) opened at $12.05 on Monday. Amplify Snack Brands has a 1 year low of $4.78 and a 1 year high of $12.08. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94. The company has a market cap of $921.72, a PE ratio of 48.04, a price-to-earnings-growth ratio of 3.70 and a beta of 2.00.

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 Zacks’ consensus estimate 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 company had revenue of $94.86 million during the quarter, compared to analyst estimates of $97.70 million. During the same period in the previous year, the company earned $0.12 EPS. The company’s quarterly revenue was up 39.5% compared to the same quarter last year. equities research analysts forecast that Amplify Snack Brands will post 0.26 EPS for the current fiscal year.

In other news, insider Brian Goldberg sold 40,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total transaction of $280,000.00. Following the sale, the insider now owns 1,273,866 shares of the company’s stock, valued at $8,917,062. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 57.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Discovery Group I LLC lifted its position in shares of Amplify Snack Brands by 41.0% during 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 in the last quarter. Macquarie Group Ltd. lifted its position in shares of Amplify Snack Brands by 3.0% during the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock worth $30,636,000 after purchasing an additional 91,157 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Amplify Snack Brands by 8.4% during the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after purchasing an additional 195,433 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Amplify Snack Brands during the second quarter worth about $12,611,000. Finally, Voya Investment Management LLC lifted its position in shares of Amplify Snack Brands by 10.2% during the second quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock worth $12,593,000 after purchasing an additional 120,898 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Amplify Snack Brands (NYSE:BETR)

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