Amplify Snack Brands, inc. (NYSE:BETR)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.63 and last traded at $7.63, with a volume of 220,314 shares changing hands. The stock had previously closed at $8.14.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. TheStreet upgraded Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. BidaskClub cut Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC set a $12.00 price target on Amplify Snack Brands, inc. and gave the company a “buy” rating in a research report on Saturday, July 29th. Finally, Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.06.

The stock has a 50-day moving average of $9.76 and a 200-day moving average of $9.28. The firm has a market cap of $582.62 million, a P/E ratio of 54.60 and a beta of 2.04.

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, meeting the Zacks’ consensus estimate of $0.08. The company had revenue of $101 million for the quarter, compared to analysts’ expectations of $98.99 million. Amplify Snack Brands, inc. had a return on equity of 39.19% and a net margin of 3.43%. The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts forecast that Amplify Snack Brands, inc. will post $0.38 earnings per share for the current fiscal year.

In other news, CFO Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $8.97, for a total transaction of $358,800.00. Following the sale, the chief financial officer now owns 1,433,866 shares of the company’s stock, valued at $12,861,778.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas C. Ennis sold 50,000 shares of Amplify Snack Brands, inc. stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $9.70, for a total value of $485,000.00. Following the sale, the chief executive officer now directly owns 2,930,952 shares in the company, valued at approximately $28,430,234.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,000 shares of company stock worth $2,571,340. Corporate insiders own 57.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Century Capital Management LLC boosted its stake in Amplify Snack Brands, inc. by 45.3% in the second quarter. Century Capital Management LLC now owns 394,273 shares of the company’s stock worth $3,801,000 after buying an additional 122,905 shares during the period. Alliancebernstein L.P. boosted its stake in Amplify Snack Brands, inc. by 77.4% in the second quarter. Alliancebernstein L.P. now owns 29,100 shares of the company’s stock worth $281,000 after buying an additional 12,700 shares during the period. Wells Fargo & Company MN boosted its stake in Amplify Snack Brands, inc. by 22.4% in the second quarter. Wells Fargo & Company MN now owns 95,361 shares of the company’s stock worth $919,000 after buying an additional 17,444 shares during the period. Thompson Investment Management Inc. boosted its stake in Amplify Snack Brands, inc. by 2.5% in the second quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock worth $553,000 after buying an additional 1,400 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Amplify Snack Brands, inc. by 17.6% in 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. 93.22% of the stock is currently owned by institutional investors.

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About Amplify Snack Brands, inc.

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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