Better Choice Company (BTTR, Financial) has announced the reinstatement and expansion of its stock repurchase program. The company's Board of Directors has approved a new authorization allowing the buyback of up to $6.5 million worth of its outstanding common shares. This renewed program will be in effect until December 31, 2025.
Previously, Better Choice had a $5 million stock repurchase initiative, which concluded on December 31, 2024. Under that program, the company successfully reacquired 102,405 common shares, with each share costing an average of $1.9869.
The decision to enhance the stock buyback reflects the company's commitment to delivering shareholder value through strategic financial management.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Better Choice Co Inc (BTTR, Financial) is $10.00 with a high estimate of $10.00 and a low estimate of $10.00. The average target implies an upside of 434.76% from the current price of $1.87. More detailed estimate data can be found on the Better Choice Co Inc (BTTR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Better Choice Co Inc's (BTTR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Better Choice Co Inc (BTTR, Financial) in one year is $4.11, suggesting a upside of 119.79% from the current price of $1.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Better Choice Co Inc (BTTR) Summary page.
