Amplify Snack Brands, inc. (NYSE:BETR) had its target price cut by Credit Suisse Group from $9.00 to $7.00 in a report issued on Wednesday morning. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a buy rating and issued a $12.00 price target on shares of Amplify Snack Brands, inc. in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research report on Thursday, July 13th. TheStreet upgraded shares of Amplify Snack Brands, inc. from a d+ rating to a c rating in a research report on Wednesday, August 2nd. Wedbush restated a hold rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Amplify Snack Brands, inc. from a strong sell rating to a sell rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $11.25.

Amplify Snack Brands, inc. (NYSE BETR) opened at 7.09 on Wednesday. The stock’s 50 day moving average is $7.05 and its 200-day moving average is $7.05. Amplify Snack Brands, inc. has a 52-week low of $6.89 and a 52-week high of $16.80. The stock has a market capitalization of $529.90 million, a price-to-earnings ratio of 46.95 and a beta of 2.18.

Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, hitting 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 business had revenue of $101.00 million for the quarter, compared to the consensus estimate of $98.99 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 68.6% on a year-over-year basis. Equities research analysts anticipate that Amplify Snack Brands, inc. will post $0.35 EPS for the current fiscal year.

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In related news, CEO Thomas C. Ennis sold 50,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total transaction of $485,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian Goldberg sold 20,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $10.03, for a total transaction of $200,600.00. Following the transaction, the chief financial officer now directly owns 1,393,866 shares of the company’s stock, valued at $13,980,475.98. The disclosure for this sale can be found here. Insiders have sold 268,000 shares of company stock valued at $2,397,340 over the last ninety days. 57.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in Amplify Snack Brands, inc. by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock valued at $107,000 after acquiring an additional 1,667 shares in the last quarter. Verition Fund Management LLC purchased a new position in Amplify Snack Brands, inc. during the second quarter valued at $119,000. American International Group Inc. grew its stake in Amplify Snack Brands, inc. by 7.1% during the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock valued at $151,000 after acquiring an additional 1,186 shares in the last quarter. Nationwide Fund Advisors grew its stake in Amplify Snack Brands, inc. by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock valued at $174,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in Amplify Snack Brands, inc. by 15.2% during the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock valued at $180,000 after acquiring an additional 2,827 shares in the last quarter. 95.86% of the stock is owned by institutional investors.

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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