ThinkEquity Initiates Coverage on Better Choice (NASDAQ:BTTR)

Equities research analysts at ThinkEquity initiated coverage on shares of Better Choice (NASDAQ:BTTR) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. ThinkEquity’s price target suggests a potential upside of 280.23% from the company’s current price.

Better Choice Price Performance

Better Choice stock opened at $2.63 on Monday. Better Choice has a one year low of $1.92 and a one year high of $25.52. The business has a fifty day moving average price of $3.08 and a 200-day moving average price of $4.36. The firm has a market capitalization of $4.37 million, a P/E ratio of -0.08 and a beta of 0.68.

Better Choice (NASDAQ:BTTR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($4.00). Better Choice had a negative return on equity of 172.17% and a negative net margin of 46.78%. The company had revenue of $8.54 million during the quarter.

Hedge Funds Weigh In On Better Choice

An institutional investor recently bought a new position in Better Choice stock. Cantor Fitzgerald L. P. acquired a new stake in shares of Better Choice Company Inc. (NASDAQ:BTTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 95,000 shares of the company’s stock, valued at approximately $26,000. Cantor Fitzgerald L. P. owned 0.30% of Better Choice as of its most recent filing with the Securities and Exchange Commission (SEC). 12.64% of the stock is currently owned by institutional investors and hedge funds.

Better Choice Company Profile

Better Choice Company Inc operates as a pet health and wellness company. Its products portfolio includes naturally formulated kibble and canned dog and cat foods, freeze-dried raw dog foods and treats, vegan dog foods and treats, oral care products and supplements, as well as toppers, dental products, and chews.