Amplify Snack Brands, inc. (BETR) Given Consensus Recommendation of “Hold” by Analysts
Shares of Amplify Snack Brands, inc. (NYSE:BETR) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.64.
Several analysts have recently commented on the company. Wedbush reduced their target price on Amplify Snack Brands, inc. from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Thursday, March 9th. Zacks Investment Research downgraded Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th.
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In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $8.97, for a total transaction of $358,800.00. Following the completion of the transaction, the chief financial officer now owns 1,433,866 shares in the company, valued at approximately $12,861,778.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 57.40% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in BETR. First National Bank of Omaha increased its position in Amplify Snack Brands, inc. by 49.3% in the first quarter. First National Bank of Omaha now owns 99,178 shares of the company’s stock worth $833,000 after buying an additional 32,765 shares during the period. GW&K Investment Management LLC increased its position in Amplify Snack Brands, inc. by 17.1% in the first quarter. GW&K Investment Management LLC now owns 1,172,992 shares of the company’s stock worth $9,853,000 after buying an additional 171,086 shares during the period. Macquarie Group Ltd. increased its position in Amplify Snack Brands, inc. by 19.2% in the fourth quarter. Macquarie Group Ltd. now owns 3,019,988 shares of the company’s stock worth $26,606,000 after buying an additional 485,762 shares during the period. Philadelphia Trust Co. bought a new position in Amplify Snack Brands, inc. during the fourth quarter worth about $947,000. Finally, Teachers Advisors LLC increased its position in Amplify Snack Brands, inc. by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 47,333 shares of the company’s stock worth $417,000 after buying an additional 219 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.
Amplify Snack Brands, inc. (BETR) traded up 3.17% on Friday, hitting $9.43. The stock had a trading volume of 493,714 shares. The stock has a market capitalization of $700.57 million, a price-to-earnings ratio of 36.98 and a beta of 2.03. The company has a 50-day moving average price of $8.86 and a 200-day moving average price of $9.25. Amplify Snack Brands, inc. has a 52 week low of $7.86 and a 52 week high of $17.53.
Amplify Snack Brands, inc. (NYSE:BETR) last issued its earnings results on Tuesday, May 9th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm had revenue of $87.21 million during the quarter, compared to analyst estimates of $87.54 million. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The business’s quarterly revenue was up 60.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities research analysts anticipate that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current fiscal year.
Amplify Snack Brands, inc. Company Profile
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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