Notable Reporting: Amplify Snack Brands Inc Stock Price Declines Today

Notable Reporting: Amplify Snack Brands Inc Stock Price Declines Today

The stock of Amplify Snack Brands Inc (NYSE:BETR) is a huge mover today! About 8.68 million shares traded hands or 1445.82% up from the average. Amplify Snack Brands Inc (NYSE:BETR) has declined 7.80% since April 13, 2016 and is downtrending. It has underperformed by 11.73% the S&P500.
The move comes after 6 months negative chart setup for the $731.18M company. It was reported on Nov, 15 by Barchart.com. We have $9.35 PT which if reached, will make NYSE:BETR worth $58.49M less.

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 10 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Jefferies on Wednesday, December 16. Suntrust Robinson initiated it with “Buy” rating and $18 target price in Monday, August 31 report. As per Monday, November 9, the company rating was upgraded by Credit Suisse. The firm earned “Buy” rating on Monday, August 31 by Jefferies. Goldman Sachs downgraded Amplify Snack Brands Inc (NYSE:BETR) on Friday, October 14 to “Neutral” rating. The rating was initiated by William Blair on Monday, August 31 with “Outperform”. The firm has “Neutral” rating given on Monday, August 31 by Goldman Sachs. The firm has “Buy” rating given on Monday, August 31 by SunTrust. The rating was initiated by Credit Suisse on Tuesday, September 1 with “Neutral”. The stock of Amplify Snack Brands Inc (NYSE:BETR) earned “Overweight” rating by Piper Jaffray on Monday, August 31.

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: Reuters.com which released: “BRIEF-Amplify Snack Brands Inc files for mixed shelf of up to $100 mln” on November 14, 2016, also Marketwatch.com with their article: “Amplify Snack Brands Inc.” published on July 02, 2015, Prnewswire.com published: “Amplify Snack Brands, Inc. Welcomes Boundless Nutrition To Its Growing Better …” on May 03, 2016. More interesting news about Amplify Snack Brands Inc (NYSE:BETR) were released by: Businesswire.com and their article: “Amplify Snack Brands Enters into Definitive Agreement to Acquire Tyrrells …” published on August 08, 2016 as well as Businesswire.com‘s news article titled: “Amplify Snack Brands Completes Strategic Acquisition of Tyrrells and its …” with publication date: September 02, 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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