Amplify Snack Brands, Inc. (NYSE:BETR) was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating in a research report issued on Wednesday, November 8th, MarketBeat.com reports.
Several other brokerages also recently commented on BETR. Zacks Investment Research downgraded shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Jefferies Group LLC set a $12.00 target price on shares of Amplify Snack Brands and gave the company a “buy” rating in a research report on Saturday, July 29th. TheStreet upgraded shares of Amplify Snack Brands from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Amplify Snack Brands from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.75.
Amplify Snack Brands (NYSE BETR) traded down $0.03 on Wednesday, hitting $5.56. 538,900 shares of the stock traded hands, compared to its average volume of 458,417. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94. The company has a market capitalization of $435.92 and a PE ratio of 22.36. Amplify Snack Brands has a twelve month low of $4.78 and a twelve month high of $11.35.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $94.86 million for the quarter, compared to analyst estimates of $97.70 million. Amplify Snack Brands had a return on equity of 3.21% and a net margin of 0.71%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. sell-side analysts anticipate that Amplify Snack Brands will post 0.26 EPS for the current fiscal year.
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In related news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands stock in a transaction 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 sale, the insider now owns 1,273,866 shares in the company, valued at $8,917,062. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 57.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Discovery Group I LLC raised its position in Amplify Snack Brands by 41.0% in the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock worth $34,874,000 after buying an additional 1,430,843 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Amplify Snack Brands by 3.0% during the 2nd quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock valued at $30,636,000 after buying an additional 91,157 shares during the period. Vanguard Group Inc. increased its stake in Amplify Snack Brands by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after purchasing an additional 195,433 shares during the period. Janus Henderson Group PLC purchased a new stake in Amplify Snack Brands in the second quarter worth $12,611,000. Finally, Voya Investment Management LLC increased its stake in Amplify Snack Brands by 10.2% in the second quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock worth $12,593,000 after purchasing an additional 120,898 shares during the period. 92.98% of the stock is owned by hedge funds and other institutional investors.
Amplify Snack Brands 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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