Amplify Snack Brands, inc. (NYSE:BETR) was the target of some unusual options trading on Tuesday. Stock investors purchased 501 call options on the stock. This represents an increase of 779% compared to the typical volume of 57 call options.

In related news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total value of $280,000.00. Following the completion of the sale, the insider now directly owns 1,273,866 shares in the company, valued at $8,917,062. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 57.40% of the company’s stock.

Several large investors have recently made changes to their positions in BETR. Vanguard Group Inc. increased its holdings in shares of Amplify Snack Brands by 7.5% during the first quarter. Vanguard Group Inc. now owns 2,338,664 shares of the company’s stock worth $19,645,000 after buying an additional 162,290 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Amplify Snack Brands by 10.6% during the first quarter. Geode Capital Management LLC now owns 228,619 shares of the company’s stock worth $1,920,000 after buying an additional 21,829 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Amplify Snack Brands by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 119,716 shares of the company’s stock worth $1,006,000 after buying an additional 7,524 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Amplify Snack Brands by 39.5% during the first quarter. Bank of America Corp DE now owns 69,530 shares of the company’s stock worth $584,000 after buying an additional 19,688 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Amplify Snack Brands 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 in the last quarter. Institutional investors own 97.74% of the company’s stock.

Amplify Snack Brands (NYSE:BETR) opened at $6.41 on Friday. The stock has a market cap of $484.27, a price-to-earnings ratio of 25.24, a PEG ratio of 1.96 and a beta of 2.00. 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 has a 1-year low of $4.78 and a 1-year high of $11.35.

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

Several equities research analysts have weighed in on the company. BidaskClub cut Amplify Snack Brands from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Jefferies Group set a $10.00 target price on Amplify Snack Brands and gave the stock a “buy” rating in a research note on Monday, October 30th. Berenberg Bank assumed coverage on Amplify Snack Brands in a research note on Thursday, November 16th. They set a “hold” rating and a $5.00 target price for the company. Finally, SunTrust Banks cut Amplify Snack Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.75.

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About Amplify Snack Brands

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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