Amplify Snack Brands, inc. (NYSE:BETR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

BETR has been the subject of several other research reports. Credit Suisse Group dropped their price objective on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, September 27th. Jefferies Group LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Amplify Snack Brands, inc. in a research note on Thursday, August 31st. Zacks Investment Research downgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. Finally, TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.90.

Shares of Amplify Snack Brands, inc. (NYSE BETR) traded up 2.29% during mid-day trading on Friday, hitting $6.70. 415,145 shares of the company were exchanged. Amplify Snack Brands, inc. has a 12-month low of $6.51 and a 12-month high of $14.91. The company’s 50-day moving average price is $7.18 and its 200-day moving average price is $7.18. The firm has a market capitalization of $500.75 million, a P/E ratio of 44.37 and a beta of 2.17.

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 $101.00 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. Equities research analysts predict that Amplify Snack Brands, inc. will post $0.34 earnings per share for the current fiscal year.

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In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $6.71, for a total value of $268,400.00. Following the completion of the transaction, the chief financial officer now directly owns 1,353,866 shares in the company, valued at approximately $9,084,440.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 120,000 shares of company stock valued at $828,800. Corporate insiders own 57.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BETR. Victory Capital Management Inc. increased its position in shares of Amplify Snack Brands, inc. by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after buying an additional 1,667 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Amplify Snack Brands, inc. during the second quarter worth $119,000. American International Group Inc. increased its position in shares of Amplify Snack Brands, inc. by 7.1% during the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after buying an additional 1,186 shares during the period. Nationwide Fund Advisors increased its position in shares of Amplify Snack Brands, inc. by 8.3% during 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 during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Amplify Snack Brands, inc. by 15.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after buying an additional 2,827 shares during the period. Institutional investors own 96.31% of the company’s stock.

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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