Jefferies Group LLC set a $10.00 price target on Amplify Snack Brands, inc. (NYSE:BETR) in a research report released on Monday. The brokerage currently has a buy rating on the stock.

BETR has been the topic of several other research reports. BidaskClub raised shares of Amplify Snack Brands, inc. from a strong sell rating to a sell rating in a report on Friday, September 1st. Credit Suisse Group reduced their target price on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a neutral rating on the stock in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Amplify Snack Brands, inc. from a hold rating to a sell rating in a report on Wednesday, August 2nd. Wedbush reaffirmed a hold rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Finally, TheStreet raised shares of Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $9.50.

Amplify Snack Brands, inc. (NYSE:BETR) last released its earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The company had revenue of $101.00 million for the quarter, compared to analyst estimates of $98.99 million. During the same quarter last year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 68.6% compared to the same quarter last year.

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In other Amplify Snack Brands, inc. news, insider Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total value of $280,400.00. Following the sale, the insider now owns 1,313,866 shares of the company’s stock, valued at approximately $9,210,200.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 120,000 shares of company stock worth $828,800. Insiders own 57.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in Amplify Snack Brands, inc. by 1.7% in the 2nd quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock worth $565,000 after acquiring an additional 1,000 shares during the last quarter. American International Group Inc. grew its holdings in Amplify Snack Brands, inc. by 7.1% in the 1st quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after acquiring an additional 1,186 shares during the last quarter. First National Bank of Omaha grew its holdings in Amplify Snack Brands, inc. by 1.3% in the 2nd quarter. First National Bank of Omaha now owns 100,473 shares of the company’s stock worth $969,000 after acquiring an additional 1,295 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Amplify Snack Brands, inc. by 8.3% in the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after acquiring an additional 1,391 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its holdings in Amplify Snack Brands, inc. by 2.5% in the 2nd quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock worth $553,000 after acquiring an additional 1,400 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors and hedge funds.

Amplify Snack Brands, inc. 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, inc. (NYSE:BETR)

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