The Simply Good Foods Company (NASDAQ:SMPL) Receives Consensus Rating of “Moderate Buy” from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $41.00.

SMPL has been the subject of several analyst reports. DA Davidson lifted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, April 11th. Morgan Stanley boosted their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, April 10th. Finally, Mizuho raised their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 11th.

Simply Good Foods Stock Up 0.1 %

Shares of SMPL opened at $36.24 on Wednesday. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $36.44. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.23 and a beta of 0.63. Simply Good Foods has a 12 month low of $31.25 and a 12 month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Simply Good Foods’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares of the company’s stock, valued at approximately $478,252.75. This trade represents a 28.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Simply Good Foods

Several large investors have recently bought and sold shares of SMPL. HighTower Advisors LLC lifted its stake in shares of Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 501 shares during the period. Stifel Financial Corp increased its holdings in Simply Good Foods by 1.9% in the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 498 shares during the last quarter. Barclays PLC lifted its stake in Simply Good Foods by 396.7% in the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock valued at $5,744,000 after buying an additional 131,939 shares during the period. Geode Capital Management LLC boosted its holdings in Simply Good Foods by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock worth $74,515,000 after buying an additional 10,477 shares during the last quarter. Finally, Tidal Investments LLC grew its position in shares of Simply Good Foods by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after buying an additional 15,455 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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.