Insider Selling: Berry Plastics Group President Sells 18,718 Shares of Stock (BERY)
Berry Plastics Group (NASDAQ:BERY) President Curt Begle sold 18,718 shares of Berry Plastics Group stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $24.50, for a total value of $458,591.00. Following the sale, the president now directly owns 31,120 shares in the company, valued at approximately $762,440. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Bank of America raised their price target on shares of Berry Plastics Group to $29.00 in a research note on Monday, August 4th. Analysts at Macquarie reiterated an “outperform” rating on shares of Berry Plastics Group in a research note on Thursday, May 22nd. They now have a $30.00 price target on the stock, up previously from $28.00. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.67.
Berry Plastics Group (NASDAQ:BERY) traded down 0.69% during mid-day trading on Tuesday, hitting $24.34. The stock had a trading volume of 673,087 shares. Berry Plastics Group has a 1-year low of $18.09 and a 1-year high of $26.50. The stock has a 50-day moving average of $25.42 and a 200-day moving average of $23.95. The company has a market cap of $2.860 billion and a price-to-earnings ratio of 50.23.
Berry Plastics Group (NASDAQ:BERY) last issued its quarterly earnings data on Friday, August 1st. The company reported $51.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $50.63. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Analysts expect that Berry Plastics Group will post $1.34 EPS for the current fiscal year.
Berry Plastics Group, Inc (NASDAQ:BERY) is a provider of plastic consumer packaging and engineered materials.
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