Amplify Snack Brands, inc. (BETR) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. (NYSE:BETR) from a sell rating to a hold rating in a report issued on Wednesday morning.

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 research analysts have also commented on the company. BidaskClub upgraded Amplify Snack Brands, inc. from a strong sell rating to a sell rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a buy rating and set a $12.00 price target on shares of Amplify Snack Brands, inc. in a report on Thursday, August 31st. TheStreet upgraded Amplify Snack Brands, inc. from a d+ rating to a c rating in a report on Wednesday, August 2nd. Credit Suisse Group reduced their price target on Amplify Snack Brands, inc. from $9.00 to $7.00 and set a neutral rating on the stock in a report on Wednesday, September 27th. Finally, SunTrust Banks, Inc. lowered Amplify Snack Brands, inc. from a buy rating to a hold rating in a report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. Amplify Snack Brands, inc. presently has an average rating of Hold and a consensus price target of $8.75.

Amplify Snack Brands, inc. (NYSE BETR) traded up $0.06 during midday trading on Wednesday, hitting $5.13. The stock had a trading volume of 190,700 shares, compared to its average volume of 453,327. Amplify Snack Brands, inc. has a fifty-two week low of $4.78 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.94 and a current ratio of 1.34. The stock has a market cap of $412.13 and a price-to-earnings ratio of 20.28.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Amplify Snack Brands, inc. had a return on equity of 25.78% and a net margin of 2.92%. The company had revenue of $94.86 million for the quarter, compared to analysts’ expectations of $97.70 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s revenue was up 39.5% on a year-over-year basis. equities research analysts expect that Amplify Snack Brands, inc. will post 0.26 earnings per share for the current fiscal year.

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In related news, insider Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now directly owns 1,273,866 shares of the company’s stock, valued at approximately $8,917,062. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 57.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. grew its position in Amplify Snack Brands, inc. by 223.8% in the 3rd quarter. First Allied Advisory Services Inc. now owns 34,000 shares of the company’s stock valued at $241,000 after acquiring an additional 23,500 shares in the last quarter. Discovery Group I LLC grew its position in Amplify Snack Brands, inc. by 41.0% in the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after acquiring an additional 1,430,843 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Amplify Snack Brands, inc. by 27.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 114,279 shares of the company’s stock valued at $811,000 after acquiring an additional 24,543 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Amplify Snack Brands, inc. by 14.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 538,626 shares of the company’s stock valued at $3,819,000 after acquiring an additional 66,166 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Amplify Snack Brands, inc. in the 3rd quarter valued at about $1,417,000. 93.89% of the stock is owned by institutional investors.

About Amplify Snack Brands, inc.

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.

Analyst Recommendations for Amplify Snack Brands, inc. (NYSE:BETR)

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