Better Choice (NASDAQ:BTTR) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Better Choice (NASDAQ:BTTRGet Rating) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Better Choice Company is an animal health and wellness company. Better Choice Company is based in NEW YORK. “

Separately, DA Davidson cut their price target on shares of Better Choice from $9.00 to $6.00 in a research report on Wednesday, March 30th.

Shares of BTTR stock opened at $2.37 on Wednesday. Better Choice has a fifty-two week low of $1.86 and a fifty-two week high of $9.72. The stock’s fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.89. The company has a quick ratio of 4.39, a current ratio of 5.40 and a debt-to-equity ratio of 0.21.

In related news, EVP Donald Young purchased 500,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the executive vice president now directly owns 548,601 shares in the company, valued at $1,097,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have bought 519,952 shares of company stock valued at $1,042,347.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in shares of Better Choice during the third quarter valued at approximately $38,000. Citadel Advisors LLC purchased a new stake in Better Choice in the fourth quarter worth approximately $62,000. Brown Brothers Harriman & Co. boosted its holdings in Better Choice by 873.4% in the first quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock worth $124,000 after purchasing an additional 43,669 shares during the last quarter. Northern Trust Corp boosted its holdings in Better Choice by 64.7% in the fourth quarter. Northern Trust Corp now owns 39,409 shares of the company’s stock worth $127,000 after purchasing an additional 15,487 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in Better Choice in the third quarter worth approximately $130,000. 38.94% of the stock is owned by institutional investors and hedge funds.

About Better Choice (Get Rating)

Better Choice Company Inc operates as an animal health and wellness company. Its products portfolio includes naturally formulated kibble and canned dog and cat foods, freeze-dried raw dog foods and treats, vegan dog foods and treats, oral care products and supplements, as well as toppers, dental products, chews, and grooming products.

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