Gamco Investors INC. ET AL Takes Position in Amplify Snack Brands Inc (BETR)

Gamco Investors INC. ET AL purchased a new stake in Amplify Snack Brands Inc (NYSE:BETR) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 449,800 shares of the company’s stock, valued at approximately $5,402,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in Amplify Snack Brands in the second quarter valued at $336,000. Discovery Group I LLC lifted its position 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 valued at $34,874,000 after acquiring an additional 1,430,843 shares during the last quarter. Nationwide Fund Advisors lifted its position in Amplify Snack Brands by 327.6% in the third quarter. Nationwide Fund Advisors now owns 77,368 shares of the company’s stock valued at $549,000 after acquiring an additional 59,274 shares during the last quarter. Vanguard Group Inc. lifted its position 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 valued at $24,428,000 after acquiring an additional 195,433 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Amplify Snack Brands in the third quarter valued at $1,417,000. 98.63% of the stock is owned by hedge funds and other institutional investors.

Amplify Snack Brands Inc (NYSE BETR) opened at $12.00 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 6.51. The company has a market cap of $920.95 and a price-to-earnings ratio of 100.00. Amplify Snack Brands Inc has a one year low of $4.78 and a one year high of $12.32.

Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $94.86 million during the quarter, compared to analyst estimates of $97.70 million. Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. equities research analysts anticipate that Amplify Snack Brands Inc will post 0.24 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group set a $12.00 price target on shares of Amplify Snack Brands and gave the company a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. SunTrust Banks reissued a “buy” rating and issued a $12.00 price target (up from $6.00) on shares of Amplify Snack Brands in a research report on Wednesday, January 17th. William Blair cut shares of Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Finally, Jefferies Group set a $10.00 price target on shares of Amplify Snack Brands and gave the company a “buy” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.93.

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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.

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

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