Amplify Snack Brands (BETR) Earns “Hold” Rating from Oppenheimer

Amplify Snack Brands (NYSE:BETR)‘s stock had its “hold” rating reaffirmed by equities researchers at Oppenheimer in a note issued to investors on Wednesday.

Several other analysts also recently issued reports on the company. BidaskClub upgraded Amplify Snack Brands from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group restated a “buy” rating and set a $12.00 price objective on shares of Amplify Snack Brands in a report on Thursday, August 31st. Berenberg Bank initiated coverage on Amplify Snack Brands in a report on Thursday, November 16th. They set a “hold” rating and a $5.00 price objective on the stock. SunTrust Banks downgraded Amplify Snack Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.75.

Shares of Amplify Snack Brands (NYSE:BETR) traded down $0.08 during trading on Wednesday, reaching $6.40. 1,091,400 shares of the company’s stock traded hands, compared to its average volume of 476,967. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 6.51. Amplify Snack Brands has a 12-month low of $4.78 and a 12-month high of $11.35. The company has a market capitalization of $497.31, a PE ratio of 25.92, a PEG ratio of 2.01 and a beta of 2.00.

Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. Amplify Snack Brands’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 EPS. equities research analysts anticipate that Amplify Snack Brands will post 0.26 EPS for the current fiscal year.

In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $7.01, for a total transaction of $280,400.00. Following the transaction, the insider now owns 1,313,866 shares of the company’s stock, valued at approximately $9,210,200.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 57.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Amplify Snack Brands by 111.2% in the 4th quarter. FMR LLC now owns 11,493,063 shares of the company’s stock valued at $101,254,000 after buying an additional 6,051,270 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Amplify Snack Brands in the 2nd quarter valued at approximately $40,348,000. Janus Capital Management LLC bought a new stake in shares of Amplify Snack Brands in the 1st quarter valued at approximately $15,370,000. Hodges Capital Management Inc. grew its stake in shares of Amplify Snack Brands by 126.1% in the 4th quarter. Hodges Capital Management Inc. now owns 3,215,015 shares of the company’s stock valued at $28,324,000 after buying an additional 1,792,770 shares in the last quarter. Finally, Discovery Group I LLC grew its stake in shares of Amplify Snack Brands by 41.0% in the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after buying an additional 1,430,843 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors.

WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/12/13/amplify-snack-brands-betr-earns-hold-rating-from-oppenheimer.html.

Amplify Snack Brands 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 (NYSE:BETR)

Receive News & Ratings for Amplify Snack Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Snack Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply