Amplify Snack Brands, inc. (BETR) PT Set at $10.00 by Jefferies Group LLC

Amplify Snack Brands, inc. (NYSE:BETR) has been given a $10.00 price target by Jefferies Group LLC in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s price objective points to a potential upside of 56.49% from the company’s current price.

BETR has been the topic of several other research reports. BidaskClub upgraded shares of Amplify Snack Brands, inc. from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. 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 report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.50.

Amplify Snack Brands, inc. (BETR) opened at 6.39 on Monday. The stock has a market capitalization of $477.58 million, a PE ratio of 42.32 and a beta of 2.17. Amplify Snack Brands, inc. has a 52-week low of $6.12 and a 52-week high of $14.51. The firm has a 50-day moving average of $7.11 and a 200-day moving average of $7.11.

Amplify Snack Brands, inc. (NYSE:BETR) last announced its earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $101.00 million for the quarter, compared to the consensus estimate of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. The business’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, equities analysts expect that Amplify Snack Brands, inc. will post $0.34 EPS for the current year.

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In other Amplify Snack Brands, inc. news, insider Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $7.01, for a total value of $280,400.00. Following the sale, the insider now directly owns 1,313,866 shares in the company, valued at approximately $9,210,200.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 120,000 shares of company stock worth $828,800 over the last 90 days. Company insiders own 57.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in Amplify Snack Brands, inc. by 1.7% in the 2nd quarter. California State Teachers Retirement System now owns 58,612 shares of the company’s stock worth $565,000 after purchasing an additional 1,000 shares during the last quarter. American International Group Inc. grew its position in Amplify Snack Brands, inc. by 7.1% in the 1st quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after purchasing an additional 1,186 shares during the last quarter. First National Bank of Omaha grew its position in Amplify Snack Brands, inc. by 1.3% in the 2nd quarter. First National Bank of Omaha now owns 100,473 shares of the company’s stock worth $969,000 after purchasing an additional 1,295 shares during the last quarter. Nationwide Fund Advisors grew its position in Amplify Snack Brands, inc. by 8.3% in the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its position in Amplify Snack Brands, inc. by 2.5% in the 2nd quarter. Thompson Investment Management Inc. now owns 57,325 shares of the company’s stock worth $553,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.

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.

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