Amplify Snack Brands Inc (BETR) is Initiated by DA Davidson to Buy, Price Target at $18

Amplify Snack Brands Inc (BETR) was Initiated by DA Davidson to “Buy” and the brokerage firm has set the Price Target at $18. DA Davidson advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Amplify Snack Brands Inc. Amplify Snack Brands Inc was Upgraded by Goldman to ” Buy” on Mar 11, 2016.

On the company’s financial health, Amplify Snack Brands Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.08. The company had revenue of $46.40 million for the quarter, compared to analysts expectations of $43.76 million. The company’s revenue was up 40.6% compared to the same quarter last year.

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.

Amplify Snack Brands Inc

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