Simply Good Foods Co (NASDAQ:SMPL) has been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.33.
A number of research analysts have issued reports on the stock. Buckingham Research raised their price target on shares of Simply Good Foods from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, April 5th. SunTrust Banks cut shares of Simply Good Foods from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $23.00 in a report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th.
Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Simply Good Foods by 105.0% in the third quarter. Bank of New York Mellon Corp now owns 446,506 shares of the financial services provider’s stock valued at $8,684,000 after purchasing an additional 228,716 shares during the period. Dimensional Fund Advisors LP purchased a new position in Simply Good Foods during the third quarter worth about $4,700,000. Teachers Advisors LLC raised its stake in Simply Good Foods by 4.0% during the third quarter. Teachers Advisors LLC now owns 118,414 shares of the financial services provider’s stock worth $2,303,000 after purchasing an additional 4,572 shares during the period. TIAA CREF Investment Management LLC raised its stake in Simply Good Foods by 123.0% during the third quarter. TIAA CREF Investment Management LLC now owns 295,034 shares of the financial services provider’s stock worth $5,738,000 after purchasing an additional 162,712 shares during the period. Finally, Vanguard Group Inc. raised its stake in Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,697,086 shares of the financial services provider’s stock worth $52,458,000 after purchasing an additional 63,953 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.
NASDAQ:SMPL opened at $22.32 on Thursday. Simply Good Foods has a 52 week low of $12.96 and a 52 week high of $23.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 9.17 and a quick ratio of 7.85. The company has a market cap of $1.80 billion, a P/E ratio of 38.48 and a beta of 0.73.
Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 4th. The financial services provider reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Simply Good Foods had a net margin of 10.17% and a return on equity of 6.34%. The company had revenue of $123.80 million during the quarter, compared to analysts’ expectations of $121.91 million. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Simply Good Foods will post 0.64 EPS for the current fiscal year.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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