Amplify Snack Brands Inc (BETR) is Downgraded by Goldman to Neutral

Amplify Snack Brands Inc (BETR) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Amplify Snack Brands Inc. Company shares were Reiterated by DA Davidson on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .

On the company’s financial health, Amplify Snack Brands Inc reported $0.15 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $59.90 million for the quarter, compared to analysts expectations of $59.90 million. The company’s revenue was up 26.4% compared to the same quarter last year.

In a different news, on Oct 3, 2016, Jason Shiver (EVP, Sales and Marketing) sold 20,000 shares at $16.04 per share price. According to the SEC, on Sep 28, 2016, Brian Goldberg (Chief Financial Officer) sold 26,000 shares at $15.97 per share price. On Sep 26, 2016, Thomas C. Ennis (Chief Executive Officer) sold 43,000 shares at $16.37 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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