Lionel F. Conacher Acquires 8,418 Shares of Better Choice Company Inc. (NASDAQ:BTTR) Stock

Better Choice Company Inc. (NASDAQ:BTTR) Director Lionel F. Conacher acquired 8,418 shares of Better Choice stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $11.88 per share, with a total value of $100,005.84. Following the transaction, the director now directly owns 32,232 shares in the company, valued at approximately $382,916.16. The trade was a 35.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Better Choice Stock Down 8.4 %

Shares of NASDAQ BTTR opened at $2.39 on Friday. The business has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.63. The stock has a market cap of $4.62 million, a PE ratio of -0.12 and a beta of 0.73. Better Choice Company Inc. has a 52-week low of $1.58 and a 52-week high of $16.28.

Analyst Upgrades and Downgrades

Separately, ThinkEquity assumed coverage on shares of Better Choice in a research note on Monday, September 16th. They set a “buy” rating and a $10.00 price target on the stock.

Institutional Investors Weigh In On Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC purchased a new stake in Better Choice Company Inc. (NASDAQ:BTTR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned about 0.77% of Better Choice at the end of the most recent reporting period. Institutional investors and hedge funds own 12.64% of the company’s stock.

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.