Amplify Snack Brands Inc (BETR) reported quarterly earnings results on Monday, May-2-2016. The company reported $0.13 EPS for the quarter. Analysts had a consensus estimate of $0.13. The company posted revenue of $54.30 million in the period, compared to analysts expectations of $53.94 million. The company’s revenue was up 22.6% compared to the same quarter last year.
Many Wall Street Analysts have commented on Amplify Snack Brands Inc. DA Davidson Initiated Amplify Snack Brands Inc on Apr 27, 2016 to “Buy”, Price Target of the shares are set at $18.Amplify Snack Brands Inc was Upgraded by Goldman to ” Buy” on Mar 11, 2016.
In a different news, on Mar 15, 2016, Thomas C. Ennis (CEO) purchased 15,500 shares at $12.72 per share price. According to the SEC, on Mar 15, 2016, Jason Shiver (SVP of Sales) purchased 3,850 shares at $12.72 per share price. On Mar 15, 2016, Brian Goldberg (CFO) purchased 4,650 shares at $12.72 per share price, according to the Form-4 filing with the securities and exchange commission.
Amplify Snack Brands Inc. is a snack food company. The Company is engaged in marketing and distribution of better-for-you (BFY) ready-to-eat (RTE) snacking products. The Company’s anchor brand SkinnyPop is a BFY RTE popcorn brand. The Company’s SkinnyPop product portfolio consists of four core flavors which include original black pepper white cheddar flavor and naturally sweet along with occasional rotational flavors which are sold in a range of packaging sizes and marketed under the SkinnyPop brand. The Company’s SkinnyPop brand sells products and is sold in over 47000 retail locations in the United States and Canada. The Company distributes its products across a range of retail channels including natural and conventional grocery drug convenience club and mass merchandise. The Company also has a presence in the foodservice and selected other non-food retail channels.