Amplify Snack Brands, Inc. Comm (NYSE:BETR) has been the object of insider selling activity recently. Yesterday CFO Brian Goldberg disclosed the sale of 26,000 shares of (BETR). The shares sold for $15.97. Goldberg now owns $23,661,408 of the stock according to the SEC filing. Today Thomas C. Ennis, CEO disclosed the sale of 43,000 shares of BETR stock. The shares were sold on September 23rd for a price of $16.37. The CEO now owns $46,954,513 of the stock per the Form 4 SEC filing.
Andrew S. Friedman, Director disclosed the sale of 8,200 shares. The shares were sold on September 22nd for a price of $16.59. Friedman now owns $42,877,237 of the stock according to the SEC filing.
The following firms have also recently changed their position in BETR. As of the end of the quarter Macquarie Group Ltd had acquired a total of 125,388 shares growing its holdings by 834.9%. The value in dollars increased from $215,000 to $2,071,000 a change of 863.3% quarter to quarter. Royal Bank Of Canada divested its holdings by shedding 7,313 shares a decrease of 84.7% in the quarter. Royal Bank Of Canada now controls 1,323 shares worth $20,000. The total value of its holdings decreased 83.9%.
As of quarter end Braun Stacey Associates Inc had sold 475,665 shares trimming its stake by 99.4%. The value of the investment in (BETR) went from $6,851,000 to $40,000 decreasing 99.4% for the reporting period. As of the end of the quarter Schwab Charles Investment Management Inc had bought 42,648 shares growing its position 94.8%. The value of the investment in Amplify Snack Brands, Inc. Comm increased from $519,000 to $1,293,000 a change of $774,000 since the last quarter.
On September 7 Oppenheimer held the company rating at “Outperform” and raised the price target from $19.00 to $20.00. On April 26 analysts at DA Davidson started coverage with an initial rating of “B” and projecting a price target of $18.00.
Oppenheimer issued its first research report on the stock setting a rating of “Outperform” and establishing a price target of $19.00. On March 11, 2016 Goldman Sachs made no change to the price objective of $18.00 but upgraded the stock from Neutral to Buy.
On March 11 the company was upgraded to “Buy” from “Neutral” and a price target of $18.00 was set by Goldman Sachs. January 25 investment analysts at Jefferies maintained a stock rating of “Buy” but lowered the price expectation to $16.00 from $18.00.
In the market the company is trading down by -1.48 percent from yesterday’s close. It is currently trading at $15.99 marginally under the 50 day moving average of $16.03 and a tad above the 200 day moving average of $14.59. The 50 day moving average was down $-0.04 or -0.26% and the 200 day average moved up $1.40.
Amplify Snack Brands, Inc. Comm’s P/E ratio is 66.35 and market capitalization is 1.13B. In the latest earnings report the EPS was $0.24 and is expected to be $0.61 for the current year with 70,842,000 shares now outstanding. Next quarter’s EPS is expected be $0.17 and the next full year EPS is anticipated to be $0.78.