Wedbush Reaffirms "Hold" Rating for Amplify Snack Brands, inc. (NYSE:BETR)

Amplify Snack Brands, Inc. shares had a trading volume of 401K in the last trading session.

Other analysts have also recently issued research reports about the stock. Amplify Snack Brands, inc. updated its FY17 guidance to $0.35-0.43 EPS. The value of the investment in Amplify Snack Brands, Inc. increased from $2,279,000 to $3,801,000 increasing 66.8% for the reporting period. The share last price represents uptick move of 2.24% in value from company's 52-Week high price and shows 49.10% above change in value from its 52-Week low price. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. As per Tuesday, December 20, the company rating was initiated by Wedbush. Amplify Snack Brands, inc. has a 12-month low of $7.33 and a 12-month high of $17.53. (NYSE BETR) opened at 8.14 on Friday. The company has a market capitalization of $577.24 million, a price-to-earnings ratio of 54.10 and a beta of 2.04. Care.com, Inc.is now trading -6.46% below its 20-day and 20.34% versus the 200-day simple moving averages while -7.27% compared with its 50-day simple moving average. Amplify Snack Brands, inc.

Amplify Snack Brands, inc. had a net margin of 6.39% and a return on equity of 47.40%. (NYSE:BETR) last posted its earnings results on Tuesday, August 8th. As of the last earnings report the EPS was $0.25 and is estimated to be $0.37 for the current year with 76,761,000 shares now outstanding. The company had revenue of $101 million for the quarter, compared to the consensus estimate of $98.99 million. The firm's quarterly revenue was up 68.6% compared to the same quarter previous year. Next quarter's EPS is forecasted at $0.13 and the next full year EPS is anticipated to be $0.49.

ILLEGAL ACTIVITY NOTICE: "Amplify Snack Brands, inc". If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & global copyright & trademark legislation. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/08/11/zacks-investment-research-upgrades-amplify-snack-brands-inc-nysebetr-to-buy-updated-updated-updated.html. Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. from a hold rating to a buy rating and set a $11.00 target price for the company in a research report on Thursday, July 13th. The shares sold for $9.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Goldberg now owns $12,682,378 of stock per an SEC filing yesterday.

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Brian Goldberg, CFO let go of $364,000 worth of shares at a price of $9.10 on Wednesday the 31st. Following the transaction, the chief financial officer now directly owns 1,473,866 shares of the company's stock, valued at $13,412,180.60. The disclosure for this sale can be found here. Insiders sold a total of 268,000 shares of company stock valued at $2,571,340 in the last three months.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. As of quarter end Century Capital Management, LLC had bought a total of 122,905 shares growing its holdings by 45.3%. Northern Trust Corp now owns 412,654 shares of the company's stock worth $3,978,000 after buying an additional 56,535 shares during the period. Macquarie Group Ltd. raised its position in shares of Amplify Snack Brands, inc.by 2.2% in the first quarter. First National Bank of Omaha now owns 100,473 shares of the company's stock valued at $969,000 after buying an additional 1,295 shares in the last quarter. Nationwide Fund Advisors increased its stake in Amplify Snack Brands, inc.by 8.3% in the second quarter. Champlain Investment Partners LLC raised its position in shares of Amplify Snack Brands, inc.by 65.7% in the first quarter. Pnc Financial Services Group, Inc. trimmed its stake by shedding 234 shares a decrease of 8.4%.

Amplify Snack Brands, Inc.is a snack food firm focused on developing and marketing products that appeal to consumers' growing preference for better-for-you snacks. The Company's divisions are North America and global.

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