Amplify Snack Brands Inc. (NYSE:BETR) CEO Thomas C. Ennis sold 43,000 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $16.37, for a total value of $703,910.00. Following the transaction, the chief executive officer now directly owns 2,889,827 shares in the company, valued at $47,306,467.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Amplify Snack Brands Inc. (NYSE:BETR) opened at 16.23 on Wednesday. The company has a market cap of $1.15 billion and a P/E ratio of 67.34. Amplify Snack Brands Inc. has a 1-year low of $9.15 and a 1-year high of $17.53. The stock has a 50 day moving average price of $16.03 and a 200 day moving average price of $14.59.
Amplify Snack Brands (NYSE:BETR) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. The business had revenue of $59.90 million for the quarter, compared to the consensus estimate of $47.40 million. Amplify Snack Brands’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts anticipate that Amplify Snack Brands Inc. will post $0.61 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in BETR. Prudential Financial Inc. bought a new position in shares of Amplify Snack Brands during the first quarter worth about $1,489,000. Stoneridge Investment Partners LLC increased its position in shares of Amplify Snack Brands by 8.3% in the second quarter. Stoneridge Investment Partners LLC now owns 153,282 shares of the company’s stock worth $2,261,000 after buying an additional 11,693 shares in the last quarter. State Street Corp increased its position in shares of Amplify Snack Brands by 9.0% in the first quarter. State Street Corp now owns 209,596 shares of the company’s stock worth $3,001,000 after buying an additional 17,304 shares in the last quarter. Cortina Asset Management LLC bought a new position in shares of Amplify Snack Brands during the second quarter worth about $7,690,000. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Amplify Snack Brands by 8.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 179,576 shares of the company’s stock worth $2,572,000 after buying an additional 13,847 shares in the last quarter. Institutional investors and hedge funds own 90.99% of the company’s stock.
BETR has been the topic of a number of research analyst reports. DA Davidson upped their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Oppenheimer Holdings Inc. upped their price target on Amplify Snack Brands from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, September 7th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $18.00 target price on shares of Amplify Snack Brands in a report on Saturday, July 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.67.
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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