Amplify Snack Brands (NYSE:BETR) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: October 14, 2016
Having a price of $15.45, Amplify Snack Brands (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 has recorded a 50-day average of $16.27 and a two hundred day average of $14.78. Volume of trade was down over the average, with 356,251 shares of BETR changing hands under the typical 683,011
Goldman Sachs has downgraded Amplify Snack Brands (NYSE:BETR) from Buy to Neutral in a statement released on 10/14/2016.
With a total market value of $0, Amplify Snack Brands has price-earnings ratio of 64.11 with a one year low of $9.15 and a one year high of $17.53 .
A total of 7 analysts have released a research note on Amplify Snack Brands. Three analysts rating the company a strong buy, four analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.57.
More About Amplify Snack Brands (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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.