Copper Rock Capital Partners adds Amplify Snack Brands Inc (BETR) to its portfolio

Amplify Snack Brands Inc (BETR) : Copper Rock Capital Partners added new position in Amplify Snack Brands Inc during the most recent quarter end. The investment management firm now holds 1,379,725 shares of Amplify Snack Brands Inc which is valued at $19.3 Million according to a report filed by the company on Apr 5, 2016 with the SEC.Amplify Snack Brands Inc makes up approximately 1.69% of Copper Rock Capital Partners’s portfolio.

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.

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.

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.

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