Posted by admin on May 25th, 2022

Better Choice Company Inc. (NASDAQ:BTTR – Get Rating) Director Michael Young purchased 5,500 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average cost of $2.48 per share, for a total transaction of $13,640.00. Following the transaction, the director now owns 89,000 shares of the company’s stock, valued at $220,720. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Young also recently made the following trade(s):

BTTR stock traded up $0.09 during mid-day trading on Wednesday, reaching $2.47. The company had a trading volume of 180,858 shares, compared to its average volume of 86,167. The company has a quick ratio of 4.39, a current ratio of 5.40 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.87. Better Choice Company Inc. has a 52 week low of $1.86 and a 52 week high of $9.72.

A number of equities research analysts recently issued reports on the company. DA Davidson dropped their target price on Better Choice from $9.00 to $6.00 in a research report on Wednesday, March 30th. Zacks Investment Research lowered Better Choice from a “hold” rating to a “sell” rating in a research report on Wednesday, May 18th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Better Choice during the 3rd quarter worth approximately $38,000. Citadel Advisors LLC bought a new stake in Better Choice in the 4th quarter valued at $62,000. Brown Brothers Harriman & Co. boosted its stake in Better Choice by 873.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock valued at $124,000 after purchasing an additional 43,669 shares during the period. Northern Trust Corp boosted its stake in Better Choice by 64.7% in the 4th quarter. Northern Trust Corp now owns 39,409 shares of the company’s stock valued at $127,000 after purchasing an additional 15,487 shares during the period. Finally, Vident Investment Advisory LLC bought a new stake in Better Choice in the 3rd quarter valued at $130,000. Institutional investors own 38.94% of the company’s stock.

About Better Choice (Get Rating)

Better Choice Company Inc operates as an animal 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, chews, and grooming products.

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