Amplify Snack Brands, inc. (NYSE:BETR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas. “

Several other equities analysts also recently commented on the stock. TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. 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 note on Saturday, July 29th. BidaskClub downgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.36.

Amplify Snack Brands, inc. (BETR) traded down 2.37% during mid-day trading on Thursday, hitting $6.60. 711,607 shares of the stock traded hands. Amplify Snack Brands, inc. has a 52 week low of $6.51 and a 52 week high of $17.53. The firm’s 50-day moving average price is $9.44 and its 200-day moving average price is $9.16. The firm has a market cap of $506.62 million, a P/E ratio of 47.48 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The business had revenue of $101 million during 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 firm’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, equities analysts forecast that Amplify Snack Brands, inc. will post $0.37 earnings per share for the current fiscal year.

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In other Amplify Snack Brands, inc. news, Director Andrew S. Friedman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $9.43, for a total value of $56,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $9.10, for a total transaction of $364,000.00. Following the completion of the transaction, the chief financial officer now owns 1,473,866 shares of the company’s stock, valued at $13,412,180.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,000 shares of company stock valued at $2,839,740. Corporate insiders own 57.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BETR. Victory Capital Management Inc. boosted its position in shares of Amplify Snack Brands, inc. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock valued at $107,000 after buying an additional 1,667 shares during the period. Verition Fund Management LLC acquired a new position in shares of Amplify Snack Brands, inc. during the second quarter valued at about $119,000. Commerce Bank boosted its position in shares of Amplify Snack Brands, inc. by 36.5% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock valued at $143,000 after buying an additional 4,535 shares during the period. AQR Capital Management LLC acquired a new position in shares of Amplify Snack Brands, inc. during the fourth quarter valued at about $150,000. Finally, American International Group Inc. boosted its position in shares of Amplify Snack Brands, inc. by 7.1% in the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock valued at $151,000 after buying an additional 1,186 shares during the period. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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

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