Todays Report: The Berry Plastics Group Inc. (BERY) Set to Announce Quarterly Earnings on Tuesday

The Berry Plastics Group Inc. (BERY) Set to Announce Quarterly Earnings on Tuesday

Berry Plastics Group Inc. (NYSE:BERY) will be announcing its earnings results on Tuesday, November 29th. Investors interested in listening to the company’s conference call can do so using this link.

Shares of Berry Plastics Group Inc. (NYSE:BERY) opened at 46.33 on Monday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 27.71 and a beta of 1.07. Berry Plastics Group Inc. has a 12 month low of $27.79 and a 12 month high of $47.26. The company’s 50 day moving average price is $44.73 and its 200-day moving average price is $42.04.

A number of analysts have commented on BERY shares. Zacks Investment Research downgraded Berry Plastics Group from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Deutsche Bank AG reiterated a “buy” rating and set a $56.00 target price (up from $52.00) on shares of Berry Plastics Group in a research report on Monday, August 29th. Credit Suisse Group AG boosted their target price on Berry Plastics Group from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Jefferies Group started coverage on Berry Plastics Group in a research report on Thursday, October 13th. They set a “buy” rating and a $52.00 target price on the stock. Finally, BMO Capital Markets upped their price objective on Berry Plastics Group from $37.00 to $43.00 and gave the company a “market perform” rating in a research report on Friday, August 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $49.69.

A number of hedge funds have recently bought and sold shares of BERY. Massachusetts Financial Services Co. MA raised its position in Berry Plastics Group by 100.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,764,447 shares of the company’s stock valued at $107,399,000 after buying an additional 1,385,228 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Berry Plastics Group by 206.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 254,153 shares of the company’s stock valued at $11,144,000 after buying an additional 171,334 shares in the last quarter. Credit Suisse AG raised its position in Berry Plastics Group by 71.0% in the third quarter. Credit Suisse AG now owns 387,007 shares of the company’s stock valued at $16,970,000 after buying an additional 160,630 shares in the last quarter. Teachers Advisors Inc. raised its position in Berry Plastics Group by 12.0% in the second quarter. Teachers Advisors Inc. now owns 1,415,334 shares of the company’s stock valued at $54,986,000 after buying an additional 151,793 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in Berry Plastics Group by 17.7% in the second quarter. Westfield Capital Management Co. LP now owns 884,320 shares of the company’s stock valued at $34,356,000 after buying an additional 132,810 shares in the last quarter.

Berry Plastics Group Company Profile

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