Fairfield Bush & CO. Has $1.05 Million Stake in Amplify Snack Brands, inc. (BETR)

Fairfield Bush & CO. lowered its position in Amplify Snack Brands, inc. (NYSE:BETR) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,706 shares of the company’s stock after selling 3,000 shares during the period. Fairfield Bush & CO. owned approximately 0.14% of Amplify Snack Brands, inc. worth $1,048,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BETR. Teachers Advisors LLC grew its position in Amplify Snack Brands, inc. by 0.5% during the 4th quarter. Teachers Advisors LLC now owns 47,333 shares of the company’s stock worth $417,000 after purchasing an additional 219 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Amplify Snack Brands, inc. during the 1st quarter worth approximately $765,000. Wells Fargo & Company MN grew its position in Amplify Snack Brands, inc. by 11.1% during the 1st quarter. Wells Fargo & Company MN now owns 77,917 shares of the company’s stock worth $654,000 after purchasing an additional 7,766 shares during the last quarter. US Bancorp DE grew its position in Amplify Snack Brands, inc. by 85.3% during the 1st quarter. US Bancorp DE now owns 23,480 shares of the company’s stock worth $197,000 after purchasing an additional 10,808 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Amplify Snack Brands, inc. by 38.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 60,920 shares of the company’s stock worth $511,000 after purchasing an additional 17,073 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $6.71, for a total transaction of $268,400.00. Following the transaction, the chief financial officer now directly owns 1,353,866 shares in the company, valued at $9,084,440.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas C. Ennis sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $9.74, for a total transaction of $243,500.00. Following the transaction, the chief executive officer now owns 2,930,952 shares in the company, valued at $28,547,472.48. The disclosure for this sale can be found here. Insiders sold 250,000 shares of company stock worth $2,227,000 over the last quarter. 57.40% of the stock is currently owned by insiders.

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Amplify Snack Brands, inc. (NYSE:BETR) traded up 1.22% during mid-day trading on Tuesday, reaching $7.48. 42,399 shares of the company’s stock traded hands. The stock’s 50 day moving average is $7.12 and its 200-day moving average is $7.12. Amplify Snack Brands, inc. has a 52 week low of $6.60 and a 52 week high of $15.76. The stock has a market capitalization of $559.05 million, a PE ratio of 49.54 and a beta of 2.17.

Amplify Snack Brands, inc. (NYSE:BETR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $101.00 million for the quarter, compared to analyst estimates of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The firm’s revenue was up 68.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, equities analysts anticipate that Amplify Snack Brands, inc. will post $0.35 EPS for the current year.

Several analysts have weighed in on the stock. Credit Suisse Group dropped their target price on shares of Amplify Snack Brands, inc. from $9.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 27th. BidaskClub raised shares of Amplify Snack Brands, inc. from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $12.00 target price on shares of Amplify Snack Brands, inc. in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Amplify Snack Brands, inc. presently has a consensus rating of “Hold” and an average target price of $11.25.

Amplify Snack Brands, inc. Profile

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.

Institutional Ownership by Quarter for Amplify Snack Brands, inc. (NYSE:BETR)

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