Insider Selling: Berry Plastics Group President Unloads 56,154 Shares of Stock (BERY)
Berry Plastics Group (NASDAQ:BERY) President Larry Goldstein sold 56,154 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $24.45, for a total value of $1,372,965.30. Following the completion of the transaction, the president now directly owns 21,094 shares of the company’s stock, valued at approximately $515,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Berry Plastics Group (NASDAQ:BERY) traded up 0.53% during mid-day trading on Thursday, hitting $24.3175. 467,443 shares of the company’s stock traded hands. Berry Plastics Group has a one year low of $18.09 and a one year high of $26.50. The stock has a 50-day moving average of $25.1 and a 200-day moving average of $24.04. The company has a market cap of $2.857 billion and a P/E ratio of 49.57.
Berry Plastics Group (NASDAQ:BERY) last issued its quarterly earnings data on Friday, August 1st. The company reported $51.00 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Berry Plastics Group will post $1.34 earnings per share for the current fiscal year.
Separately, 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. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Berry Plastics Group has an average rating of “Buy” and a consensus target price of $29.67.
Berry Plastics Group, Inc (NASDAQ:BERY) is a provider of plastic consumer packaging and engineered materials.
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