Amplify Snack Brands, inc. (NYSE:BETR) Rating Lowered to Sell at BidaskClub

Amplify Snack Brands, inc. (NYSE:BETR) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

BETR has been the subject of several other research reports. Jefferies Group LLC set a $12.00 price objective on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a report on Saturday, July 29th. Zacks Investment Research lowered Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. TheStreet raised Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. Finally, Wedbush reaffirmed a “hold” rating on shares of Amplify Snack Brands, inc. in a report on Tuesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.36.

Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded up 1.46% during trading on Thursday, reaching $7.63. 798,246 shares of the company were exchanged. The company has a market capitalization of $585.69 million, a PE ratio of 54.89 and a beta of 2.04. Amplify Snack Brands, inc. has a one year low of $7.33 and a one year high of $17.53. The firm’s 50 day moving average price is $9.67 and its 200 day moving average price is $9.24.

Amplify Snack Brands, inc. (NYSE:BETR) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Amplify Snack Brands, inc. had a return on equity of 36.58% and a net margin of 3.43%. The company had revenue of $101 million during the quarter, compared to analyst estimates of $98.99 million. During the same quarter last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. Equities research analysts forecast that Amplify Snack Brands, inc. will post $0.37 earnings per share for the current fiscal year.

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In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 20,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $10.03, for a total transaction of $200,600.00. Following the completion of the transaction, the chief financial officer now owns 1,393,866 shares of the company’s stock, valued at approximately $13,980,475.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew S. Friedman sold 6,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $9.43, for a total value of $56,580.00. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock valued at $2,571,340 in the last ninety days. Insiders own 57.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC acquired a new position in shares of Amplify Snack Brands, inc. during the first quarter valued at approximately $15,370,000. Champlain Investment Partners LLC raised its position in shares of Amplify Snack Brands, inc. by 65.7% in the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after buying an additional 825,720 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Amplify Snack Brands, inc. by 45.3% in the first quarter. Tributary Capital Management LLC now owns 1,031,992 shares of the company’s stock valued at $8,669,000 after buying an additional 321,607 shares during the last quarter. Century Capital Management LLC acquired a new position in shares of Amplify Snack Brands, inc. during the first quarter valued at approximately $2,279,000. Finally, Hodges Capital Management Inc. raised its position in shares of Amplify Snack Brands, inc. by 7.7% in the first quarter. Hodges Capital Management Inc. now owns 3,462,650 shares of the company’s stock valued at $29,086,000 after buying an additional 247,635 shares during the last quarter. 93.22% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Amplify Snack Brands, inc. (NYSE:BETR)

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