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

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

Better Choice Price Performance

Shares of NASDAQ:BTTR opened at $2.61 on Friday. Better Choice Company Inc. has a 1-year low of $1.58 and a 1-year high of $16.28. The stock has a market cap of $5.05 million, a P/E ratio of -0.13 and a beta of 0.73. The firm has a fifty day moving average price of $2.01 and a 200 day moving average price of $2.64.

Hedge Funds Weigh In On Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC acquired a new stake in Better Choice Company Inc. (NASDAQ:BTTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned 0.77% of Better Choice as of its most recent filing with the Securities and Exchange Commission. 12.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity began coverage on Better Choice in a research report on Monday, September 16th. They issued a “buy” rating and a $10.00 target price for the company.

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.