SunTrust Banks Reaffirms "Buy" Rating for Amplify Snack Brands (BETR)

Lloyd Doyle
January 21, 2018

Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings data on Tuesday, November 7th. As of December 15th, there was short interest totalling 8,876,409 shares, a decrease of 1.0% from the November 30th total of 8,965,598 shares. Currently, 27.6% of the company's shares are sold short. Amplify Snack Brands Inc (NYSE:BETR) has a market capitalization of $934.72 Million and most recently 77.57 Million outstanding shares have been calculated. (NYSE:BETR) opened at 10.52 on Thursday. The stock has a market cap of 20.89 Billion.

Average true range (ATR-14) of the company sets at 0.28, along with its weekly and monthly volatility of 0.57% and 0.74% respectively. The stock's 52-week range is $4.78 to $12.32, and its 3-month range is $4.78 to $12.32. Finally, Rhumbline Advisers increased its position in Amplify Snack Brands by 14.8% in the second quarter. (NYSE:BETR) shares have moved -0.08% on the week. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02).

According to 6 analysts, the Average Revenue Estimate for the current Fiscal quarter is $92.46 Million and the Low Revenue estimate is $91 Million, while the High Revenue estimate is $93.28 Million. The perception is that the lower the P/E, the higher will be the value of the stock. During the same quarter in the previous year, the business earned $0.12 earnings per share.

Shares of Amplify Snack Brands Inc (BETR) traded down $0.05 during trading on Tuesday, hitting $12.05.

(NYSE:BETR) despite the recent move. Goldman Sachs Group, Inc. The stock's 52-week price fluctuated within the range of $34.90 - $10.80. The brokerage now has a hold rating on the stock. Credit Suisse Group set a $12.00 price target on Amplify Snack Brands and gave the company a "hold" rating in a research report on Tuesday. Amplify Snack Brands had a return on equity of 25.78% and a net margin of 2.92%. As per Monday, November 9, the company rating was upgraded by Credit Suisse. Vanguard Group Inc. grew its stake in Amplify Snack Brands by 8.4% in the 2nd quarter. The stock now has an average rating of "Hold" and a consensus target price of $9.93. Amplify Snack Brands earned a news sentiment score of 0.09 on Accern's scale. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

In related news, insider Brian Goldberg sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $15.28, for a total value of $657,040.00. Following the transaction, the chief executive officer now directly owns 2,846,827 shares in the company, valued at approximately $43,499,516.56. The disclosure for this sale can be found here. Wells Fargo & Company MN now owns 95,361 shares of the company's stock worth $919,000 after acquiring an additional 17,444 shares during the period.

Several large investors have recently added to or reduced their stakes in the stock.

The top 5 institutional holders, in ascending order, are as follows: TA ASSOCIATES, L.P. with 33.15 million shares, FMR LLC with 11.46 million shares, DISCOVERY GROUP I, LLC with 4.92 million shares, MACQUARIE GROUP LTD with 2.64 million shares, and VANGUARD GROUP INC with 2.51 million shares. Amplify Snack Brands, Inc. Zacks Investment Research raised Amplify Snack Brands from a "sell" rating to a "hold" rating in a research note on Wednesday, January 10th. (BETR) most recent 13F filing, the company has 16 new institutional holders - accounting for 4.8 million shares of its common stock. BidaskClub cut shares of Amplify Snack Brands from a hold rating to a sell rating in a report on Saturday, October 28th. Voya Investment Management LLC now owns 1,306,263 shares of the company's stock valued at $12,593,000 after purchasing an additional 120,898 shares during the period. Three analysts have made estimates for Amplify Snack Brands' earnings. The firm provides ready-to-eat popcorn in various flavors, including original, white cheddar, sea salt and black pepper, naturally sweet, dusted dark chocolate, and jalapeño, as well as microwaveable popcorn and popcorn cakes under the SkinnyPop brand name; kettle cooked potato chips or crisps, vegetable crisps, premium popcorn, and tortilla chips under the Tyrrells brand name; and tortilla chips in sea salt delights, nacho cheese especial, wild wild ranch, roasted jalapeño, grilled habanero, cool salsa verde, and haunted ghost pepper flavors under the Paqui brand name.

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