Pamela L. Netzky Sells 10,500 Shares of Amplify Snack Brands Inc. (BETR) Stock
Amplify Snack Brands Inc. (NYSE:BETR) Director Pamela L. Netzky sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $15.60, for a total transaction of $163,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Amplify Snack Brands Inc. (NYSE:BETR) traded up 0.2667% during midday trading on Monday, hitting $14.9999. 31,600 shares of the company traded hands. The stock’s 50-day moving average is $16.24 and its 200 day moving average is $14.79. The stock has a market capitalization of $1.06 billion, a P/E ratio of 62.2402 and a beta of 2.59. Amplify Snack Brands Inc. has a 12-month low of $9.15 and a 12-month high of $17.53.
Amplify Snack Brands (NYSE:BETR) last issued its earnings results on Monday, August 8th. The company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $59.90 million for the quarter, compared to the consensus estimate of $47.40 million. Amplify Snack Brands had a net margin of 9.00% and a return on equity of 233.97%. Amplify Snack Brands’s revenue was up 26.4% on a year-over-year basis. On average, analysts expect that Amplify Snack Brands Inc. will post $0.61 earnings per share for the current year.
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BETR has been the subject of several recent research reports. Oppenheimer Holdings Inc. increased their target price on shares of Amplify Snack Brands from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, September 7th. Zacks Investment Research raised shares of Amplify Snack Brands from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, October 12th. DA Davidson increased their target price on shares of Amplify Snack Brands from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Piper Jaffray Cos. reissued an “overweight” rating and set a $18.00 target price on shares of Amplify Snack Brands in a research note on Saturday, July 2nd. Finally, Goldman Sachs Group Inc. lowered shares of Amplify Snack Brands from a “buy” rating to a “neutral” rating and increased their target price for the company from $15.45 to $18.00 in a research note on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Amplify Snack Brands presently has a consensus rating of “Buy” and a consensus target price of $18.14.
A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Amplify Snack Brands by 332.7% in the second quarter. BlackRock Inc. now owns 7,603 shares of the company’s stock worth $112,000 after buying an additional 5,846 shares during the last quarter. Royal Bank of Canada increased its position in shares of Amplify Snack Brands by 863,500.0% in the first quarter. Royal Bank of Canada now owns 8,636 shares of the company’s stock worth $124,000 after buying an additional 8,635 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Amplify Snack Brands during the second quarter worth $127,000. Sei Investments Co. increased its position in shares of Amplify Snack Brands by 13.9% in the second quarter. Sei Investments Co. now owns 8,931 shares of the company’s stock worth $132,000 after buying an additional 1,089 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Amplify Snack Brands during the first quarter worth $156,000. Institutional investors and hedge funds own 90.25% of the company’s stock.
Amplify Snack Brands Company Profile
Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.
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