Amplify Snack Brands, inc. (NYSE:BETR) hit a new 52-week low during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $5.92 and last traded at $6.41, with a volume of 289782 shares trading hands. The stock had previously closed at $6.38.

The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Amplify Snack Brands, inc. had a return on equity of 28.54% and a net margin of 2.92%. The firm had revenue of $94.86 million for the quarter, compared to analyst estimates of $97.70 million. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue was up 39.5% compared to the same quarter last year.

Several research analysts have weighed in on the stock. SunTrust Banks, Inc. lowered shares of Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group LLC set a $10.00 target price on shares of Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research report on Monday, October 30th. BidaskClub lowered shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. 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 on the stock in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. One 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. Amplify Snack Brands, inc. currently has an average rating of “Hold” and an average target price of $9.50.

In other news, CFO Brian Goldberg sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $6.71, for a total value of $268,400.00. Following the sale, the chief financial officer now directly owns 1,353,866 shares in the company, valued at $9,084,440.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 120,000 shares of company stock worth $828,800 over the last 90 days. 57.40% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in BETR. 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 last quarter. Vanguard Group Inc. grew its position 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 purchasing an additional 162,290 shares during the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 21,829 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position 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 purchasing an additional 7,524 shares during the last quarter. Finally, Bank of America Corp DE grew its position 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 purchasing an additional 19,688 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

The stock has a market cap of $458.92, a PE ratio of 23.92, a P/E/G ratio of 1.40 and a beta of 2.10. The company has a debt-to-equity ratio of 7.66, a quick ratio of 0.84 and a current ratio of 1.16.

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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.

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