Brokerages Set The Simply Good Foods Company (NASDAQ:SMPL) Price Target at $40.22

The Simply Good Foods Company (NASDAQ:SMPL) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $39.56.

SMPL has been the topic of several research reports. Morgan Stanley initiated coverage on Simply Good Foods in a research note on Monday. They set an “equal weight” rating and a $36.00 target price on the stock. Mizuho lowered their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $33.36 on Friday. The company has a market capitalization of $3.37 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The firm’s 50-day moving average is $36.30 and its two-hundred day moving average is $36.23. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same period last year, the company earned $0.43 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Analysts predict that Simply Good Foods will post 1.78 earnings per share for the current year.

Institutional Trading of Simply Good Foods

Several institutional investors have recently modified their holdings of the stock. R Squared Ltd purchased a new position in shares of Simply Good Foods during the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC raised its position in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after buying an additional 445 shares during the last quarter. Quarry LP increased its stake in shares of Simply Good Foods by 64.7% during the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC lifted its position in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,229 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Simply Good Foods

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.