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

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 brokerages have also commented on BETR. SunTrust Banks, Inc. lowered Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. Jefferies Group LLC set a $12.00 price target on Amplify Snack Brands, inc. and gave the company a “buy” rating in a research note on Saturday, July 29th. Credit Suisse Group cut their price target on Amplify Snack Brands, inc. from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded Amplify Snack Brands, inc. from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.50.

Amplify Snack Brands, inc. (NYSE BETR) traded down $0.03 during mid-day trading on Wednesday, reaching $5.07. The company’s stock had a trading volume of 330,500 shares, compared to its average volume of 454,521. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34. Amplify Snack Brands, inc. has a twelve month low of $4.78 and a twelve month high of $11.35. The stock has a market capitalization of $391.40, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.58 and a beta of 2.10.

Amplify Snack Brands, inc. (NYSE:BETR) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Amplify Snack Brands, inc. had a return on equity of 25.78% and a net margin of 2.92%. The business had revenue of $94.86 million during the quarter, compared to analysts’ expectations of $97.70 million. During the same quarter in the previous year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. equities research analysts forecast that Amplify Snack Brands, inc. will post 0.26 earnings per share for the current fiscal year.

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In related news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now owns 1,273,866 shares of the company’s stock, valued at $8,917,062. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 57.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in BETR. FMR LLC lifted its holdings in Amplify Snack Brands, inc. by 111.2% in the fourth quarter. FMR LLC now owns 11,493,063 shares of the company’s stock valued at $101,254,000 after acquiring an additional 6,051,270 shares during the period. JPMorgan Chase & Co. acquired a new position in Amplify Snack Brands, inc. in the second quarter valued at approximately $40,348,000. Janus Capital Management LLC acquired a new position in Amplify Snack Brands, inc. in the first quarter valued at approximately $15,370,000. Hodges Capital Management Inc. lifted its holdings in Amplify Snack Brands, inc. by 126.1% in the fourth quarter. Hodges Capital Management Inc. now owns 3,215,015 shares of the company’s stock valued at $28,324,000 after acquiring an additional 1,792,770 shares during the period. Finally, Discovery Group I LLC lifted its holdings in Amplify Snack Brands, inc. by 41.0% in the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after acquiring an additional 1,430,843 shares during the period. 93.89% of the stock is owned by institutional investors.

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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