Amplify Snack Brands Inc. (NYSE:BETR) CFO Brian Goldberg sold 26,000 shares of Amplify Snack Brands stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $15.97, for a total transaction of $415,220.00. Following the sale, the chief financial officer now directly owns 1,494,616 shares in the company, valued at approximately $23,869,017.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Amplify Snack Brands Inc. (NYSE:BETR) opened at 15.77 on Friday. The stock has a market capitalization of $1.12 billion and a price-to-earnings ratio of 65.44. Amplify Snack Brands Inc. has a one year low of $9.15 and a one year high of $17.53. The company has a 50-day moving average of $16.15 and a 200 day moving average of $14.61.
Amplify Snack Brands (NYSE:BETR) last released its quarterly earnings data on Monday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The firm earned $59.90 million during the quarter, compared to analysts’ expectations of $47.40 million. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. The company’s revenue was up 26.4% compared to the same quarter last year. Equities research analysts forecast that Amplify Snack Brands Inc. will post $0.61 earnings per share for the current fiscal year.
BETR has been the topic of several recent research reports. Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $18.00 target price on shares of Amplify Snack Brands in a research note on Saturday, July 2nd. Oppenheimer Holdings Inc. lifted their target price on shares of Amplify Snack Brands from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 7th. Finally, DA Davidson lifted their target price on shares of Amplify Snack Brands from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.67.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Amplify Snack Brands by 332.7% in the second quarter. BlackRock Inc. now owns 7,603 shares of the company’s stock valued at $112,000 after buying an additional 5,846 shares during the last quarter. Royal Bank of Canada boosted its position in Amplify Snack Brands by 863,500.0% in the first quarter. Royal Bank of Canada now owns 8,636 shares of the company’s stock valued at $124,000 after buying an additional 8,635 shares during the last quarter. Legal & General Group Plc acquired a new position in Amplify Snack Brands during the second quarter valued at about $127,000. Sei Investments Co. boosted its position in Amplify Snack Brands by 13.9% in the second quarter. Sei Investments Co. now owns 8,931 shares of the company’s stock valued at $132,000 after buying an additional 1,089 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in Amplify Snack Brands during the first quarter valued at about $156,000. Hedge funds and other institutional investors own 90.99% of the company’s stock.
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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