Amplify Snack Brands, inc. (BETR) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. (NYSE:BETR) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

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. “

A number of other research analysts have also recently weighed in on BETR. Jefferies Group LLC set a $12.00 price objective on shares of Amplify Snack Brands, inc. and gave the company a buy rating in a report on Saturday, July 29th. TheStreet raised shares of Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. Wedbush reaffirmed a hold rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. BidaskClub cut shares of Amplify Snack Brands, inc. from a hold rating to a sell rating in a report on Thursday, August 10th. Finally, Credit Suisse Group cut their price objective on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a neutral rating for the company in a report on Wednesday, September 27th. One equities research 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. The stock has a consensus rating of Hold and an average price target of $8.75.

Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded up $0.22 during trading on Wednesday, hitting $5.59. 1,496,480 shares of the company traded hands, compared to its average volume of 458,056. 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, inc. has a 12-month low of $4.78 and a 12-month high of $11.35. The stock has a market capitalization of $412.13 and a PE ratio of 20.28.

Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings data 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). Amplify Snack Brands, inc. had a net margin of 2.92% and a return on equity of 25.78%. The firm had revenue of $94.86 million during the quarter, compared to analysts’ expectations of $97.70 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 39.5% on a year-over-year basis. analysts predict that Amplify Snack Brands, inc. will post 0.26 earnings per share for the current fiscal year.

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In other news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total value of $280,400.00. Following the sale, the insider now owns 1,313,866 shares in the company, valued at $9,210,200.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 57.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BETR. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Amplify Snack Brands, inc. in the third quarter valued at about $102,000. Victory Capital Management Inc. grew its position in shares of 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 valued at $107,000 after purchasing an additional 1,667 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Amplify Snack Brands, inc. in the second quarter valued at about $119,000. American International Group Inc. grew its position in shares of Amplify Snack Brands, inc. by 7.1% in the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock valued at $151,000 after purchasing an additional 1,186 shares during the period. Finally, Nationwide Fund Advisors grew its position in shares of Amplify Snack Brands, inc. by 8.3% in the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock valued at $174,000 after purchasing an additional 1,391 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Amplify Snack Brands, inc. Company Profile

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

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