Shares of Amplify Snack Brands, inc. (NYSE:BETR) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.50.

A number of brokerages have issued reports on BETR. BidaskClub downgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday. TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $12.00 price objective on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a research report on Saturday, July 29th.

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In other news, CEO Thomas C. Ennis sold 50,000 shares of the company’s stock in a transaction dated 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 directly 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 can be accessed through this link. Also, CFO Brian Goldberg sold 20,000 shares of the company’s stock in a transaction dated 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 $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 over the last ninety days. Insiders own 57.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BETR. Parametric Portfolio Associates LLC increased its stake in Amplify Snack Brands, inc. by 63.9% in the second quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after buying an additional 7,438 shares in the last quarter. Vanguard Group Inc. increased its stake in Amplify Snack Brands, inc. by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after buying an additional 195,433 shares in the last quarter. Northern Trust Corp increased its stake in Amplify Snack Brands, inc. by 15.9% in the second quarter. Northern Trust Corp now owns 412,654 shares of the company’s stock worth $3,978,000 after buying an additional 56,535 shares in the last quarter. Nationwide Fund Advisors increased its stake in Amplify Snack Brands, inc. by 8.3% in the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after buying an additional 1,391 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Amplify Snack Brands, inc. by 133.0% in the second quarter. TIAA CREF Investment Management LLC now owns 179,180 shares of the company’s stock worth $1,728,000 after buying an additional 102,267 shares in the last quarter. 93.22% of the stock is currently owned by hedge funds and other institutional investors.

Amplify Snack Brands, inc. (NYSE BETR) traded up 1.46% during midday trading on Friday, reaching $7.63. 798,246 shares of the company’s stock were exchanged. The company has a market cap of $585.69 million, a price-to-earnings ratio of 54.89 and a beta of 2.04. The firm has a 50-day moving average price of $9.67 and a 200 day moving average price of $9.24. Amplify Snack Brands, inc. has a 12-month low of $7.33 and a 12-month high of $17.53.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business had revenue of $101 million for the quarter, compared to the consensus estimate of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The company’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. On average, analysts expect that Amplify Snack Brands, inc. will post $0.37 EPS 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.

Analyst Recommendations for Amplify Snack Brands, inc. (NYSE:BETR)

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