Amplify Snack Brands (NYSE:BETR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas. “

A number of other analysts have also commented on the company. Oppenheimer reiterated a “hold” rating on shares of Amplify Snack Brands in a research report on Wednesday, December 13th. BidaskClub lowered Amplify Snack Brands from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Berenberg Bank initiated coverage on Amplify Snack Brands in a research report on Thursday, November 16th. They issued a “hold” rating and a $5.00 price objective for the company. Jefferies Group set a $10.00 target price on Amplify Snack Brands and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, SunTrust Banks cut Amplify Snack Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.75.

Shares of Amplify Snack Brands (BETR) traded up $0.08 during mid-day trading on Tuesday, reaching $12.09. The company had a trading volume of 861,800 shares, compared to its average volume of 1,295,850. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34. The firm has a market capitalization of $921.65, a price-to-earnings ratio of 80.60, a price-to-earnings-growth ratio of 2.02 and a beta of 1.89. Amplify Snack Brands has a 1 year low of $4.78 and a 1 year high of $12.15.

Amplify Snack Brands (NYSE:BETR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $94.86 million during 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 revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. analysts expect that Amplify Snack Brands will post 0.26 EPS for the current year.

In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the transaction, the insider now owns 1,273,866 shares in the company, valued at $8,917,062. The sale was disclosed in a document filed with the SEC, which is available through this link. 57.40% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in BETR. Cambridge Investment Research Advisors Inc. bought a new position in shares of Amplify Snack Brands during the 3rd quarter valued at about $102,000. Victory Capital Management Inc. lifted its holdings in shares of Amplify Snack Brands by 17.6% during the 2nd 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 in the last quarter. Verition Fund Management LLC bought a new position in shares of Amplify Snack Brands during the 2nd quarter valued at about $119,000. Nationwide Fund Advisors lifted its holdings in shares of Amplify Snack Brands by 8.3% during the 2nd 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 in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Amplify Snack Brands by 63.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock valued at $184,000 after purchasing an additional 7,438 shares in the last quarter. Institutional investors and hedge funds own 97.15% 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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