First Mercantile Trust Co buys $459,207 stake in Amplify Snack Brands Inc (BETR)

Amplify Snack Brands Inc (BETR) : First Mercantile Trust Co scooped up 19,028 additional shares in Amplify Snack Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 29,569 shares of Amplify Snack Brands Inc which is valued at $459,207.Amplify Snack Brands Inc makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in BETR in the latest quarter, The investment management firm added 1,341 additional shares and now holds a total of 2,484 shares of Amplify Snack Brands Inc which is valued at $39,520.

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.

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 .

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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