Oppenheimer reiterated their hold rating on shares of Amplify Snack Brands (NYSE:BETR) in a research note released on Wednesday.
Several other research analysts also recently weighed in on BETR. Zacks Investment Research upgraded Amplify Snack Brands from a sell rating to a hold rating in a report on Thursday, August 17th. Jefferies Group reiterated a buy rating and issued a $12.00 price target on shares of Amplify Snack Brands in a report on Thursday, August 31st. BidaskClub upgraded Amplify Snack Brands from a strong sell rating to a sell rating in a report on Friday, September 1st. Credit Suisse Group cut their price target on Amplify Snack Brands from $9.00 to $7.00 and set a neutral rating for the company in a report on Wednesday, September 27th. Finally, SunTrust Banks downgraded Amplify Snack Brands from a buy rating to a hold rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Amplify Snack Brands currently has an average rating of Hold and a consensus target price of $8.75.
Amplify Snack Brands (BETR) opened at $7.00 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 6.51. The firm has a market capitalization of $551.04, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 2.23 and a beta of 2.00. Amplify Snack Brands has a twelve month low of $4.78 and a twelve month high of $11.35.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $94.86 million during the quarter, compared to analyst estimates of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. equities research analysts anticipate that Amplify Snack Brands will post 0.26 earnings per share for the current fiscal year.
In other news, insider Brian Goldberg sold 40,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now directly owns 1,273,866 shares in the company, valued at approximately $8,917,062. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 57.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. purchased a new stake in Amplify Snack Brands during the 2nd quarter worth $336,000. Macquarie Group Ltd. boosted its position in Amplify Snack Brands by 3.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock worth $30,636,000 after purchasing an additional 91,157 shares during the period. Discovery Group I LLC boosted its position in Amplify Snack Brands by 41.0% during the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock worth $34,874,000 after purchasing an additional 1,430,843 shares during the period. Vanguard Group Inc. boosted its position in Amplify Snack Brands by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after purchasing an additional 195,433 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Amplify Snack Brands by 22.4% during the 2nd quarter. Wells Fargo & Company MN now owns 95,361 shares of the company’s stock worth $919,000 after purchasing an additional 17,444 shares during the period. Institutional investors and hedge funds own 97.74% of the company’s stock.
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About Amplify Snack Brands
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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