What Can Investors Expect From Amplify Snack Brands (NYSE:BETR) Shares After Jefferies’s New Coverage?

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How Jefferies Currently Rates Amplify Snack Brands (NYSE:BETR)

Jefferies issued “Buy” rating on Amplify Snack Brands (NYSE:BETR). The firm launched coverage on shares of BETR in a very recent research note sent to investors and clients on Wednesday morning.

From a total of 5 analysts covering Amplify Snack Brands Inc (NYSE:BETR) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $18 while the lowest target price is $16. The mean of all analyst targets is $17.4 with a 62.41% above today’s ($10.88) stock price. Amplify Snack Brands Inc was the topic of 8 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. Credit Suisse upgraded shares on November 9 to “Outperform” rating. Suntrust Robinson initiated shares with “Buy” rating and $18 target share price in a report from an August 31. SunTrust initiated BETR stock in a recent report from August 31 with “Buy” rating. Finally, Jefferies initiated the stock with “Buy” rating in a report issued on an August 31.

Approximately 103,244 shares of stock traded hands. Amplify Snack Brands Inc (NYSE:BETR) has risen 6.00% since November 16, 2015 and is uptrending. It has outperformed by 8.62% the S&P500.

Amplify Snack Brands, Inc. is a snack food company. The company has a market cap of $810.75 million. The Firm is engaged in marketing and distribution of better-for-you ready-to-eat (RTE) snacking products. It currently has negative earnings. The Company’s anchor brand, SkinnyPop, is a BFY RTE, popcorn brand.

According to Zacks Investment Research, “Amplify Snack Brands, Inc. is a snack food company. The Company’s brand consists of SkinnyPop is a popcorn brand. SkinnyPop product portfolio consists of flavors which include original, black pepper, white cheddar flavor and naturally sweet. It is engaged in marketing and distribution of better-for-you and ready-to-eat snacking products. The company serves natural and conventional grocery, drug, convenience, club, mass merchandise channels as well as foodservice and other non-food retail channels; over the Internet through third-party Websites. Amplify Snack Brands, Inc. is headquartered in Austin, Texas.”

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