Amplify Snack Brands, inc. (NYSE:BETR) Announces Quarterly Earnings Results, Meets Estimates

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Here is the rundown on market activity for Amplify Snack Brands, Inc. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Amplify Snack Brands, inc. updated its FY17 guidance to $0.35-0.43 EPS.

Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 39.19%. Pnc Financial Services Group, Inc. claims 2,563 shares valued at $25,000. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Amplify Snack Brands, inc. has a 1-year low of $7.51 and a 1-year high of $17.53. (NYSE:BETR) traded up 1.46% during mid-day trading on Friday, reaching $7.63.

The company now has a P/E ratio of 54.10 and the market cap is 577.24M. 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.is headquartered in Austin, Texas. Amplify Snack Brands, inc. (NYSE:BETR) last released its quarterly earnings data on Tuesday, August 8th. Equities research analysts expect that Amplify Snack Brands, inc. will post $0.38 earnings per share for the current fiscal year. The business had revenue of $101 million during the quarter, compared to analysts' expectations of $98.99 million. The firm's quarterly revenue was up 68.6% compared to the same quarter past year. Next quarter's EPS is forecasted at $0.13 with next year's EPS projected to be $0.49. Following the completion of the sale, the chief financial officer now directly owns 1,393,866 shares in the company, valued at approximately $13,882,905.36. If you are reading this story on another publication, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright law. The correct version of this article can be accessed at https://transcriptdaily.com/2017/08/09/amplify-snack-brands-inc-s-betr-hold-rating-reaffirmed-at-wedbush.html. Another trade for 6,275 shares valued at $316,855 was sold by BROWN A DAVID. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Goldberg now owns $12,682,378 of stock per an SEC filing yesterday. The shares were sold at an average price of $9.48, for a total value of $113,760.00. Vanguard Group Inc. now owns 2,534,097 shares of the company's stock worth $24,428,000 after buying an additional 195,433 shares during the period. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,000 shares of company stock worth $2,571,340.

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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 acquired a total of 122,905 shares growing its position 45.3%. American International Group Inc. raised its position in Amplify Snack Brands, inc.by 7.1% in the first quarter. That brings the CFO's holdings to $13,230,181 per an SEC filing yesterday. First National Bank of Omaha raised its stake in Amplify Snack Brands, inc.by 1.3% in the second quarter. Teachers Advisors LLC now owns 47,333 shares of the company's stock valued at $417,000 after buying an additional 219 shares during the period. Nationwide Fund Advisors raised its stake in Amplify Snack Brands, inc.by 8.3% in the second quarter. First National Bank of Omaha now owns 99,178 shares of the company's stock valued at $833,000 after buying an additional 32,765 shares during the period. Janus Capital Management LLC bought a new position in Amplify Snack Brands, inc. during the first quarter worth about $15,370,000. Thompson Investment Management Inc. now owns 55,925 shares of the company's stock valued at $470,000 after buying an additional 5,400 shares during the period.

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. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The North America and global 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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