Amplify Snack Brands, inc. (BETR) Research Coverage Started at Berenberg Bank

Berenberg Bank initiated coverage on shares of Amplify Snack Brands, inc. (NYSE:BETR) in a report published on Thursday, MarketBeat.com reports. The brokerage issued a hold rating and a $5.00 price objective on the stock.

Several other brokerages also recently commented on BETR. SunTrust Banks, Inc. downgraded shares of Amplify Snack Brands, inc. from a buy rating to a hold rating in a research note on Wednesday, November 8th. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a sell rating to a hold rating in a research note on Wednesday. Wedbush reaffirmed a hold rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands, inc. and gave the company a buy rating in a research note on Saturday, July 29th. Finally, Credit Suisse Group lowered their target price on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a neutral rating for the company in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Amplify Snack Brands, inc. currently has a consensus rating of Hold and a consensus price target of $8.75.

Amplify Snack Brands, inc. (NYSE:BETR) traded up $0.22 on Thursday, hitting $5.59. 1,496,480 shares of the company were exchanged, compared to its average volume of 473,131. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34. The company has a market capitalization of $429.01, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.74 and a beta of 2.10. Amplify Snack Brands, inc. has a twelve month low of $4.78 and a twelve month high of $11.35.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $97.70 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. equities analysts anticipate 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 the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now owns 1,273,866 shares in the company, valued at $8,917,062. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 57.40% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in BETR. American International Group Inc. boosted its holdings 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 buying an additional 1,186 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Amplify Snack Brands, inc. by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,338,664 shares of the company’s stock valued at $19,645,000 after buying an additional 162,290 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Amplify Snack Brands, inc. by 10.6% in the first quarter. Geode Capital Management LLC now owns 228,619 shares of the company’s stock valued at $1,920,000 after buying an additional 21,829 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Amplify Snack Brands, inc. by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 119,716 shares of the company’s stock valued at $1,006,000 after buying an additional 7,524 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Amplify Snack Brands, inc. by 39.5% in the first quarter. Bank of America Corp DE now owns 69,530 shares of the company’s stock valued at $584,000 after buying an additional 19,688 shares during the period. Institutional investors 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.

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

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