Amplify Snack Brands (BETR) Trading Up 8.6%
Amplify Snack Brands, inc. (NYSE:BETR) was up 8.6% on Wednesday . The company traded as high as $6.41 and last traded at $6.31. Approximately 904,800 shares were traded during trading, an increase of 94% from the average daily volume of 466,570 shares. The stock had previously closed at $5.81.
A number of equities research analysts recently weighed in on BETR shares. BidaskClub raised Amplify Snack Brands from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group reissued 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 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 downgraded Amplify Snack Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.75.
The company has a market capitalization of $488.10, a PE ratio of 25.44, a price-to-earnings-growth ratio of 1.98 and a beta of 2.00. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94.
Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.92% and a return on equity of 25.78%. The firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. equities analysts forecast that Amplify Snack Brands, inc. 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 that occurred on Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the sale, the insider now directly owns 1,273,866 shares of the company’s stock, valued at $8,917,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 57.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BETR. Discovery Group I LLC raised its stake in shares of Amplify Snack Brands by 41.0% in the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after acquiring an additional 1,430,843 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Amplify Snack Brands in the second quarter valued at approximately $12,611,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Amplify Snack Brands in the third quarter valued at approximately $1,417,000. Vanguard Group Inc. raised its stake in shares of Amplify Snack Brands by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after acquiring an additional 195,433 shares during the last quarter. Finally, Century Capital Management LLC raised its stake in shares of Amplify Snack Brands by 45.3% in the second quarter. Century Capital Management LLC now owns 394,273 shares of the company’s stock valued at $3,801,000 after acquiring an additional 122,905 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors.
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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.
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