Zacks Investment Research upgraded shares of Amplify Snack Brands (NYSE:BETR) from a sell rating to a hold rating in a report published on Wednesday, January 10th.
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. “
Several other analysts also recently weighed in on BETR. Credit Suisse Group dropped their price objective on Amplify Snack Brands from $9.00 to $7.00 and set a neutral rating for the company in a research report on Wednesday, September 27th. SunTrust Banks downgraded Amplify Snack Brands from a buy rating to a hold rating in a research report on Wednesday, November 8th. William Blair downgraded Amplify Snack Brands from an outperform rating to a market perform rating in a research report on Monday, December 18th. Jefferies Group set a $10.00 price objective on Amplify Snack Brands and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Berenberg Bank started coverage on Amplify Snack Brands in a report on Thursday, November 16th. They issued a hold rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Amplify Snack Brands presently has a consensus rating of Hold and an average target price of $9.93.
Amplify Snack Brands (NYSE:BETR) remained flat at $$12.00 during trading hours on Wednesday. 361,400 shares of the company’s stock traded hands, compared to its average volume of 752,850. The stock has a market capitalization of $920.95 and a P/E ratio of 100.00. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 6.51. Amplify Snack Brands has a 52 week low of $4.78 and a 52 week high of $12.32.
Amplify Snack Brands (NYSE:BETR) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $94.86 million for the quarter, compared to the consensus estimate of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. The business’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. sell-side analysts forecast that Amplify Snack Brands will post 0.24 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Amplify Snack Brands by 1.7% in the second quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock valued at $565,000 after buying an additional 1,000 shares during the period. Nationwide Fund Advisors grew its stake in Amplify Snack Brands by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after purchasing an additional 1,391 shares during the period. Victory Capital Management Inc. grew its stake in Amplify Snack Brands by 17.6% during the second quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after purchasing an additional 1,667 shares during the period. The Manufacturers Life Insurance Company grew its stake in Amplify Snack Brands by 15.8% during the second quarter. The Manufacturers Life Insurance Company now owns 28,547 shares of the company’s stock worth $275,000 after purchasing an additional 3,899 shares during the period. Finally, Rhumbline Advisers grew its stake in Amplify Snack Brands by 14.8% during the second quarter. Rhumbline Advisers now owns 36,328 shares of the company’s stock worth $350,000 after purchasing an additional 4,675 shares during the period. 98.63% of the stock is owned by institutional investors.
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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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