The stock of Amplify Snack Brands Inc (NYSE:BETR) is a huge mover today! About 546,299 shares traded hands. Amplify Snack Brands Inc (NYSE:BETR) has risen 21.65% since March 11, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.
The move comes after 7 months negative chart setup for the $1.11 billion company. It was reported on Oct, 14 by Barchart.com. We have $14.14 PT which if reached, will make NYSE:BETR worth $66.60M less.
Analysts await Amplify Snack Brands Inc (NYSE:BETR) to report earnings on November, 3. They expect $0.15 earnings per share, up 25.00% or $0.03 from last year’s $0.12 per share. BETR’s profit will be $11.07M for 25.07 P/E if the $0.15 EPS becomes a reality. After $0.14 actual earnings per share reported by Amplify Snack Brands Inc for the previous quarter, Wall Street now forecasts 7.14% EPS growth.
Amplify Snack Brands Inc (NYSE:BETR) Ratings Coverage
Out of 7 analysts covering Amplify Snack Brands Inc (NYSE:BETR), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Amplify Snack Brands Inc has been the topic of 9 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Monday, August 31. On Monday, August 31 the stock rating was initiated by Suntrust Robinson with “Buy”. Credit Suisse upgraded the shares of BETR in a report on Monday, November 9 to “Outperform” rating. The rating was initiated by Goldman Sachs with “Neutral” on Monday, August 31. The stock of Amplify Snack Brands Inc (NYSE:BETR) earned “Overweight” rating by Piper Jaffray on Monday, August 31. As per Wednesday, December 16, the company rating was initiated by Jefferies. As per Monday, August 31, the company rating was initiated by William Blair. The stock of Amplify Snack Brands Inc (NYSE:BETR) earned “Buy” rating by SunTrust on Monday, August 31. The rating was initiated by Credit Suisse on Tuesday, September 1 with “Neutral”.
According to Zacks Investment Research, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas.”
More notable recent Amplify Snack Brands Inc (NYSE:BETR) news were published by: Marketwatch.com which released: “Amplify Snack Brands Inc.” on July 02, 2015, also Wsj.com with their article: “SkinnyPop Maker Amplify Snack Brands to Buy Tyrrells” published on August 08, 2016, Wsj.com published: “Amplify Snack Brands Profit Rises, Though Margins Fall” on May 02, 2016. More interesting news about Amplify Snack Brands Inc (NYSE:BETR) were released by: Fool.com and their article: “Why Shares of Amplify Snack Brands, Inc. Popped Today” published on May 20, 2016 as well as Wsj.com‘s news article titled: “Amplify Snack Brands Beats Expectations” with publication date: March 08, 2016.
BETR Company Profile
Amplify Snack Brands, Inc., incorporated on July 2, 2015, is a snack food company. The Firm and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. The Company’s BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. The Company’s anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand. SkinnyPop has a customer base across a range of food distribution channels in the United States. SkinnyPop is cooked with approximately three core ingredients, such as popcorn, sunflower oil and salt. The SkinnyPop portfolio comprises approximately seven flavors, including Original, White Cheddar flavor, Black Pepper and Sea Salt, Naturally Sweet, Dusted Dark Chocolate flavor, Jalapeno and Hatch Chile, a seasonal offering. The Firm offers its products in a range of bag sizes and pack types, which are sold across all channels. Additionally, its SkinnyPop products are gluten-free.
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