Amplify Snack Brands, inc. (NYSE:BETR) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.25.

Several research analysts recently issued reports on BETR shares. BidaskClub raised shares of 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 target price on shares of Amplify Snack Brands in a research report on Thursday, August 31st. Berenberg Bank started coverage on shares of Amplify Snack Brands in a research report on Thursday, November 16th. They set a “hold” rating and a $5.00 target price on the stock. SunTrust Banks lowered shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Oppenheimer restated a “hold” rating on shares of Amplify Snack Brands in a research report on Wednesday.

Amplify Snack Brands (NYSE:BETR) opened at $7.00 on Friday. The stock has a market cap of $534.15, a PE ratio of 27.84, a P/E/G ratio of 2.16 and a beta of 2.00. Amplify Snack Brands has a 1-year low of $4.78 and a 1-year high of $11.35. 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 (NYSE:BETR) last posted 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 firm had revenue of $94.86 million for the quarter, compared to analysts’ expectations of $97.70 million. Amplify Snack Brands had a return on equity of 25.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share. analysts predict 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 the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total transaction of $280,000.00. Following the transaction, the insider now directly owns 1,273,866 shares in the company, valued at $8,917,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 57.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in shares of Amplify Snack Brands by 1.7% in the second quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock valued at $565,000 after purchasing an additional 1,000 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Amplify Snack Brands by 8.3% in the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock valued at $174,000 after purchasing an additional 1,391 shares during the last quarter. Thompson Investment Management Inc. grew its position in shares of Amplify Snack Brands by 2.5% in the second quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock valued at $553,000 after purchasing an additional 1,400 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Amplify Snack Brands 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 purchasing an additional 1,667 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Amplify Snack Brands by 15.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock valued at $180,000 after purchasing an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.

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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.

Analyst Recommendations for Amplify Snack Brands (NYSE:BETR)

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