Oppenheimer reissued their hold rating on shares of Amplify Snack Brands (NYSE:BETR) in a research report sent to investors on Wednesday.

BETR has been the topic of a number of other research reports. BidaskClub cut shares of Amplify Snack Brands from a hold rating to a sell rating in a research report on Saturday, October 28th. Jefferies Group set a $10.00 target price on shares of Amplify Snack Brands and gave the company a buy rating in a research report on Monday, October 30th. Credit Suisse Group reduced their price target on shares of Amplify Snack Brands from $9.00 to $7.00 and set a neutral rating on the stock in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Amplify Snack Brands from a sell rating to a hold rating in a research report on Thursday, August 17th. Finally, SunTrust Banks cut shares of Amplify Snack Brands from a buy rating to a hold rating in a research report on Wednesday, November 8th. One equities 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’s stock. Amplify Snack Brands presently has an average rating of Hold and a consensus target price of $8.75.

Amplify Snack Brands (NYSE BETR) opened at $7.00 on Wednesday. Amplify Snack Brands has a 1 year low of $4.78 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94. The company has a market cap of $537.22, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.17 and a beta of 2.00.

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

In other news, insider Brian Goldberg sold 40,000 shares of the 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 sale, the insider now owns 1,273,866 shares of the company’s stock, valued at $8,917,062. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 57.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of Amplify Snack Brands by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after buying an additional 1,667 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Amplify Snack Brands during the second quarter worth approximately $119,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Amplify Snack Brands during the third quarter worth approximately $102,000. Nationwide Fund Advisors increased its stake in shares of Amplify Snack Brands by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after buying an additional 1,391 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Amplify Snack Brands by 63.9% during the second quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after buying an additional 7,438 shares during the period. Hedge funds and other institutional investors own 97.74% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Amplify Snack Brands (BETR) Given Hold Rating at Oppenheimer” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/amplify-snack-brands-betr-given-hold-rating-at-oppenheimer/1769158.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.