A number of research firms have changed their ratings and price targets for Amplify Snack Brands, inc. (NYSE: BETR):

  • 8/10/2017 – Amplify Snack Brands, inc. was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/8/2017 – Amplify Snack Brands, inc. had its “hold” rating reaffirmed by analysts at Wedbush.
  • 8/2/2017 – Amplify Snack Brands, inc. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/2/2017 – Amplify Snack Brands, inc. was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 7/29/2017 – Amplify Snack Brands, inc. was given a new $12.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 7/14/2017 – Amplify Snack Brands, inc. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/13/2017 – Amplify Snack Brands, inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. 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. “

Shares of Amplify Snack Brands, inc. (BETR) traded up 2.11% during trading on Wednesday, hitting $6.76. The company’s stock had a trading volume of 896,503 shares. Amplify Snack Brands, inc. has a 52 week low of $6.51 and a 52 week high of $17.53. The firm’s 50 day moving average price is $9.52 and its 200-day moving average price is $9.18. The company has a market cap of $518.90 million, a PE ratio of 48.63 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $101 million for the quarter, compared to analyst estimates of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The company’s revenue for the quarter was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts predict that Amplify Snack Brands, inc. will post $0.37 earnings per share for the current year.

In other news, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $9.10, for a total value of $364,000.00. Following the sale, the chief financial officer now owns 1,473,866 shares in the company, valued at approximately $13,412,180.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas C. Ennis sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now 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 90 days, insiders sold 268,000 shares of company stock worth $2,571,340. Company insiders own 57.40% of the company’s stock.

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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