Better Choice (NASDAQ:BTTR) Coverage Initiated by Analysts at ThinkEquity

ThinkEquity began coverage on shares of Better Choice (NASDAQ:BTTR) in a research note published on Monday, Benzinga reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

Better Choice Stock Down 7.4 %

BTTR opened at $2.75 on Monday. The business has a 50 day moving average price of $3.10 and a two-hundred day moving average price of $4.39. The company has a market cap of $4.57 million, a PE ratio of -0.09 and a beta of 0.68. Better Choice has a 52 week low of $1.92 and a 52 week high of $25.52.

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

Hedge Funds Weigh In On Better Choice

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

About Better Choice

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.