Amplify Snack Brands Inc (NYSE:BETR) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.00.
Several brokerages recently issued reports on BETR. Zacks Investment Research upgraded Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub cut Amplify Snack Brands from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. SunTrust Banks reiterated a “buy” rating and issued a $12.00 price target (up from $6.00) on shares of Amplify Snack Brands in a research note on Wednesday, January 17th. Jefferies Group set a $10.00 price target on Amplify Snack Brands and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, William Blair cut Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL acquired a new position in Amplify Snack Brands during the fourth quarter valued at approximately $5,402,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Amplify Snack Brands during the fourth quarter valued at approximately $10,680,000. Gabelli Funds LLC acquired a new position in Amplify Snack Brands during the fourth quarter valued at approximately $27,194,000. Chicago Capital Management LLC acquired a new position in Amplify Snack Brands during the fourth quarter valued at approximately $14,346,000. Finally, Personal Capital Advisors Corp raised its position in Amplify Snack Brands by 23.2% during the fourth quarter. Personal Capital Advisors Corp now owns 211,137 shares of the company’s stock valued at $2,536,000 after purchasing an additional 39,720 shares in the last quarter. Institutional investors and hedge funds own 98.63% of the company’s stock.
Amplify Snack Brands (NYSE:BETR) last issued 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 during the quarter, compared to the consensus estimate of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. The company’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. research analysts predict that Amplify Snack Brands will post 0.24 EPS for the current year.
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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