According to Zacks, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas. “
Several other equities analysts have also issued reports on BETR. DA Davidson boosted their price target on Amplify Snack Brands from $18.00 to $19.00 and gave the company a buy rating in a research note on Tuesday, August 9th. Piper Jaffray Cos. reissued an overweight rating and issued a $19.00 price target on shares of Amplify Snack Brands in a research note on Thursday, August 11th. Finally, Oppenheimer Holdings Inc. boosted their price target on Amplify Snack Brands from $19.00 to $20.00 and gave the company an outperform rating in a research note on Wednesday, September 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Amplify Snack Brands presently has a consensus rating of Buy and a consensus target price of $18.14.
Shares of Amplify Snack Brands (NYSE:BETR) opened at 15.04 on Thursday. Amplify Snack Brands has a 12-month low of $9.15 and a 12-month high of $17.53. The stock has a 50 day moving average price of $16.18 and a 200 day moving average price of $14.81. The firm has a market cap of $1.07 billion, a P/E ratio of 62.41 and a beta of 2.59.
Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The company had revenue of $59.90 million for the quarter, compared to analyst estimates of $47.40 million. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. On average, equities analysts expect that Amplify Snack Brands will post $0.61 earnings per share for the current year.
In related news, CEO Thomas C. Ennis sold 43,000 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $16.37, for a total transaction of $703,910.00. Following the completion of the sale, the chief executive officer now 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 at this link. Also, Director Pamela L. Netzky sold 42,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $15.51, for a total value of $651,420.00. The disclosure for this sale can be found here. Insiders own 74.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Stoneridge Investment Partners LLC increased its stake 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 valued at $2,261,000 after buying an additional 11,693 shares during the period. Prudential Financial Inc. bought a new stake in shares of Amplify Snack Brands during the first quarter valued at about $1,489,000. Cortina Asset Management LLC bought a new stake in shares of Amplify Snack Brands during the second quarter valued at about $7,690,000. Bayesian Capital Management LP bought a new stake in shares of Amplify Snack Brands during the first quarter valued at about $156,000. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Amplify Snack Brands during the first quarter valued at about $1,888,000. Institutional investors and hedge funds own 90.25% 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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