Amplify Snack Brands, inc. (NYSE:BETR)‘s stock had its “hold” rating reissued by investment analysts at Wedbush in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, July 13th. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Amplify Snack Brands, inc. has a consensus rating of “Hold” and a consensus target price of $14.61.

Amplify Snack Brands, inc. (BETR) traded down 14.09% during mid-day trading on Tuesday, reaching $8.11. The company had a trading volume of 1,060,809 shares. Amplify Snack Brands, inc. has a one year low of $7.86 and a one year high of $17.53. The stock has a 50 day moving average price of $9.69 and a 200 day moving average price of $9.33. The company has a market capitalization of $602.51 million, a P/E ratio of 31.80 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. The firm had revenue of $101 million for the quarter, compared to analysts’ expectations of $98.99 million. During the same quarter last year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 68.6% compared to the same quarter last year. On average, equities analysts expect that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current fiscal year.

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In related news, CEO Thomas C. Ennis sold 50,000 shares of Amplify Snack Brands, inc. stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total value of $485,000.00. Following the sale, the chief executive officer now owns 2,930,952 shares of the company’s stock, valued at approximately $28,430,234.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Goldberg sold 20,000 shares of Amplify Snack Brands, inc. stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $10.03, for a total transaction of $200,600.00. Following the completion of the sale, the chief financial officer now directly owns 1,393,866 shares in the company, valued at approximately $13,980,475.98. The disclosure for this sale can be found here. Insiders sold a total of 268,000 shares of company stock worth $2,571,340 in the last ninety days. 57.40% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Amplify Snack Brands, inc. by 2.8% in the fourth quarter. State Street Corp now owns 464,992 shares of the company’s stock worth $4,097,000 after buying an additional 12,863 shares during the period. AQR Capital Management LLC bought a new stake in Amplify Snack Brands, inc. during the fourth quarter worth approximately $150,000. Teachers Advisors LLC boosted its stake 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. GW&K Investment Management LLC boosted its stake 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. Finally, First National Bank of Omaha boosted its stake 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. 93.22% of the stock is currently owned by institutional investors.

About Amplify Snack Brands, inc.

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, inc. (NYSE:BETR)

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