Amplify Snack Brands Inc. (BETR) Given New $14.00 Price Target at Jefferies Group
Amplify Snack Brands Inc. (NYSE:BETR) had its price target trimmed by Jefferies Group from $18.00 to $14.00 in a research note published on Wednesday. The firm currently has a buy rating on the stock.
BETR has been the subject of a number of other research reports. Oppenheimer Holdings Inc. lifted their price objective on shares of Amplify Snack Brands from $19.00 to $20.00 and gave the stock an outperform rating in a report on Wednesday, September 7th. Zacks Investment Research raised shares of Amplify Snack Brands from a hold rating to a buy rating and set a $17.00 price objective for the company in a report on Wednesday, October 12th. Goldman Sachs Group Inc. downgraded shares of Amplify Snack Brands from a buy rating to a neutral rating and lifted their price objective for the stock from $15.45 to $18.00 in a report on Friday, October 14th. DA Davidson lifted their price objective on shares of Amplify Snack Brands from $18.00 to $19.00 and gave the stock a buy rating in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reaffirmed an overweight rating and issued a $19.00 price objective on shares of Amplify Snack Brands in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Amplify Snack Brands currently has an average rating of Hold and a consensus price target of $17.14.
Amplify Snack Brands (NYSE:BETR) opened at 9.50 on Wednesday. The stock has a market cap of $697.08 million, a P/E ratio of 32.20 and a beta of 2.68. The firm’s 50-day moving average is $13.44 and its 200-day moving average is $14.51. Amplify Snack Brands has a 12 month low of $9.15 and a 12 month high of $17.53.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. The company earned $68 million during the quarter, compared to the consensus estimate of $64.19 million. Amplify Snack Brands had a return on equity of 113.22% and a net margin of 10.16%. The firm’s quarterly revenue was up 48.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, equities analysts forecast that Amplify Snack Brands will post $0.50 earnings per share for the current fiscal year.
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In related news, Director Pamela L. Netzky sold 10,500 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $16.20, for a total value of $170,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew S. Friedman sold 8,200 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $16.59, for a total transaction of $136,038.00. The disclosure for this sale can be found here. Insiders own 74.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Amplify Snack Brands by 159.7% in the second quarter. Vanguard Group Inc. now owns 2,919,715 shares of the company’s stock valued at $43,066,000 after buying an additional 1,795,594 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Amplify Snack Brands during the second quarter valued at $40,348,000. Copper Rock Capital Partners LLC increased its stake in Amplify Snack Brands by 40.8% in the second quarter. Copper Rock Capital Partners LLC now owns 1,942,433 shares of the company’s stock valued at $28,651,000 after buying an additional 562,708 shares during the last quarter. Janus Capital Management LLC increased its stake in Amplify Snack Brands by 28.1% in the second quarter. Janus Capital Management LLC now owns 1,787,078 shares of the company’s stock valued at $26,359,000 after buying an additional 392,178 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC bought a new stake in Amplify Snack Brands during the third quarter valued at $22,340,000. 92.28% of the stock is owned by institutional investors and hedge funds.
About Amplify Snack Brands
Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.
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