Amplify Snack Brands Inc (NYSE:BETR) has been downgraded to Neutral in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: October 13, 2016
Goldman Sachs Group Inc. has downgraded Amplify Snack Brands Inc (NYSE:BETR) to Neutral in a statement released on 10/14/2016.
Having a price of $15.45, Amplify Snack Brands Inc (NYSE:BETR) traded -1.09% lower on the day. With the last close up 4.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Amplify Snack Brands Inc has recorded a 50-day average of $16.27 and a two hundred day average of $14.78. Trade Volume was down over the average, with 356,251 shares of BETR changing hands under the typical 683,011
Recent Performance Chart
Amplify Snack Brands Inc has 52 week low of $9.15 and a 52 week high of $17.53 with a PE ratio of 64.11 and has a market capitalization of $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $17.57 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Amplify Snack Brands Inc (NYSE:BETR)
Amplify Snack Brands, Inc. is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers' preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand. SkinnyPop has a customer base across food distribution channels in the United States. SkinnyPop is cooked with approximately three core ingredients, such as popcorn, sunflower oil and salt. The SkinnyPop portfolio comprises approximately seven flavors, such as Original, White Cheddar flavor, Black Pepper and Sea Salt, Naturally Sweet, Dusted Dark Chocolate flavor, Jalapeno and Hatch Chile, a seasonal offering. It offers its products in a range of bag sizes and pack types that are sold across all channels. SkinnyPop products are gluten-free. The Company sells its products directly to retailers and to distributors.
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