Amplify Snack Brands (BETR) PT Set at $12.00 by Credit Suisse Group

Credit Suisse Group set a $12.00 price target on Amplify Snack Brands (NYSE:BETR) in a research note released on Tuesday. The brokerage currently has a hold rating on the stock.

Several other brokerages also recently issued reports on BETR. Zacks Investment Research raised shares of Amplify Snack Brands from a sell rating to a hold rating in a research note on Wednesday, January 10th. Berenberg Bank started coverage on shares of Amplify Snack Brands in a research note on Thursday, November 16th. They set a hold rating and a $5.00 target price on the stock. SunTrust Banks downgraded shares of Amplify Snack Brands from a buy rating to a hold rating in a research note on Wednesday, November 8th. Oppenheimer reissued a hold rating on shares of Amplify Snack Brands in a research note on Wednesday, December 13th. Finally, Jefferies Group set a $10.00 target price on shares of Amplify Snack Brands and gave the company a buy rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Amplify Snack Brands currently has an average rating of Hold and an average price target of $9.93.

Amplify Snack Brands (NYSE BETR) traded down $0.04 during midday trading on Tuesday, hitting $12.05. The company’s stock had a trading volume of 1,487,800 shares, compared to its average volume of 856,600. The company has a market capitalization of $927.78, a PE ratio of 80.33, a P/E/G ratio of 2.04 and a beta of 1.89. Amplify Snack Brands has a 52 week low of $4.78 and a 52 week high of $12.32. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94.

Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $94.86 million during the quarter, compared to the consensus estimate of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. Amplify Snack Brands’s quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. sell-side analysts predict that Amplify Snack Brands will post 0.24 earnings per share for the current year.

In other news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total transaction of $280,000.00. Following the transaction, the insider now directly owns 1,273,866 shares in the company, valued at approximately $8,917,062. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 57.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Discovery Group I LLC boosted its holdings in Amplify Snack Brands by 41.0% in the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock worth $34,874,000 after purchasing an additional 1,430,843 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Amplify Snack Brands in the second quarter worth $12,611,000. Frontier Capital Management Co. LLC boosted its holdings in Amplify Snack Brands by 337.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,576,327 shares of the company’s stock worth $18,932,000 after purchasing an additional 1,215,942 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Amplify Snack Brands in the third quarter worth $1,417,000. Finally, Vanguard Group Inc. boosted its holdings in Amplify Snack Brands by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after purchasing an additional 195,433 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

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Amplify Snack Brands Company 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.

Analyst Recommendations for Amplify Snack Brands (NYSE:BETR)

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