Shares of Amplify Snack Brands, inc. (NYSE:BETR) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.50.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday. BidaskClub lowered Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC set a $12.00 price target on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research note on Saturday, July 29th.

In related news, CEO Thomas C. Ennis sold 50,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $9.70, for a total transaction of $485,000.00. Following the completion of the sale, the chief executive officer now owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew S. Friedman sold 12,000 shares of Amplify Snack Brands, inc. stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $9.48, for a total value of $113,760.00. The disclosure for this sale can be found here. Insiders have sold 268,000 shares of company stock worth $2,571,340 in the last 90 days. Insiders own 57.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Handelsinvest Investeringsforvaltning increased its stake in Amplify Snack Brands, inc. by 151.4% in the first quarter. Handelsinvest Investeringsforvaltning now owns 172,700 shares of the company’s stock worth $1,451,000 after buying an additional 104,000 shares during the period. Handelsbanken Fonder AB increased its stake in Amplify Snack Brands, inc. by 64.3% in the first quarter. Handelsbanken Fonder AB now owns 575,000 shares of the company’s stock worth $4,830,000 after buying an additional 225,000 shares during the period. US Bancorp DE increased its stake in Amplify Snack Brands, inc. by 85.3% in the first quarter. US Bancorp DE now owns 23,480 shares of the company’s stock worth $197,000 after buying an additional 10,808 shares during the period. Thompson Investment Management Inc. increased its stake in Amplify Snack Brands, inc. by 10.7% in the first quarter. Thompson Investment Management Inc. now owns 55,925 shares of the company’s stock worth $470,000 after buying an additional 5,400 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Amplify Snack Brands, inc. by 11.1% in the first quarter. Wells Fargo & Company MN now owns 77,917 shares of the company’s stock worth $654,000 after buying an additional 7,766 shares during the period. 93.22% of the stock is owned by hedge funds and other institutional investors.

Amplify Snack Brands, inc. (NYSE:BETR) traded up 1.46% during trading on Friday, reaching $7.63. 798,246 shares of the company’s stock traded hands. Amplify Snack Brands, inc. has a one year low of $7.33 and a one year high of $17.53. The firm has a market cap of $585.69 million, a price-to-earnings ratio of 54.89 and a beta of 2.04. The company has a 50 day moving average of $9.67 and a 200 day moving average of $9.24.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Amplify Snack Brands, inc. had a return on equity of 36.58% and a net margin of 3.43%. The company had revenue of $101 million for the quarter, compared to analyst estimates of $98.99 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. Equities research analysts predict that Amplify Snack Brands, inc. will post $0.37 EPS for the current year.

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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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