There has been some selling insider activity on Amplify Snack Brands, Inc.
A number of hedge funds have recently made changes to their positions in the stock. The value of the investment in Amplify Snack Brands, Inc. went from $420,000 to $584,000 a change of $164,000 quarter over quarter. The original version of this article can be viewed at https://www.themarketsdaily.com/2017/08/11/jefferies-group-llc-analysts-give-amplify-snack-brands-inc-betr-a-12-00-price-target-updated.html. Amplify Snack Brands, inc. has an average rating of “Hold” and a consensus price target of $14.06. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Amplify Snack Brands, Inc.is headquartered in Austin, Texas. Finally, Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands, inc.in a report on Tuesday. (NYSE:BETR) traded down 1.73% during trading on Friday, reaching $7.39. Volume was down 59.51% under the stocks average daily volume. The firm has a market cap of $624.83 million, a PE ratio of 58.56 and a beta of 2.04. The stock last traded at $7.52 which is significantly below $9.72, the 50 day moving average and which is well below the 200 day moving average of $9.26. Finally, Hodges Capital Management Inc. raised its position in Amplify Snack Brands, inc.by 7.7% in the first quarter. (NYSE:BETR) last announced its earnings results on Tuesday, August 8th. In the latest earnings report the EPS was $0.25 and is expected to be $0.38 for the current year with 74,292,000 shares now outstanding. The business had revenue of $101 million during the quarter, compared to analysts’ expectations of $98.99 million. Amplify Snack Brands, inc. The business’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS. If you are reading this news story on another site, it was stolen and reposted in violation of U.S. and worldwide copyright and trademark laws. The shares were sold at an average price of $9.43, for a total transaction of $56,580.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Zacks Investment Research upgraded Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, July 13th. The analysts, on average, are forecasting a $10.25 price target, but the stock is already up -4.33% from its recent lows. Following the sale, the chief executive officer now owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The disclosure for this sale can be found here. The shares were sold on May 31st for a price of $9.10. It improved, as 32 investors sold ICE shares while 16 reduced holdings. Tributary Capital Management LLC raised its position in Amplify Snack Brands, inc.by 45.3% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock worth $143,000 after buying an additional 4,535 shares during the period. During the same period a year ago, the company posted $0.15 earnings per share. Vanguard Group Inc. raised its position in shares of Amplify Snack Brands, inc.by 7.5% in the first quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock valued at $553,000 after buying an additional 1,400 shares in the last quarter. Victory Capital Management Inc. raised its position in Amplify Snack Brands, inc.by 17.6% in the second quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock worth $17,493,000 after buying an additional 825,720 shares during the period. More interesting news about Amplify Snack Brands Inc (NYSE:BETR) were released by: Fool.com and their article: “Can Amplify Snack Brands Keep Going After Last Week’s 19% Pop?” published on January 17, 2017 as well as Reuters.com’s news article titled: “BRIEF-Amplify Snack Brands reports Q2 earnings per share $0.02” with publication date: August 08, 2017.
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 divisions are North America and worldwide.