The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of “Moderate Buy” by Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $40.29.

A number of analysts recently commented on SMPL shares. DA Davidson boosted their target price on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Needham & Company LLC reiterated a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a research note on Friday, June 28th. Stifel Nicolaus lifted their target price on shares of Simply Good Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, June 14th.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total transaction of $36,437.52. Following the transaction, the senior vice president now owns 19,319 shares in the company, valued at $665,346.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.98% of the company’s stock.

Institutional Trading of Simply Good Foods

Several institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its position in Simply Good Foods by 1.7% in the 4th quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 326 shares during the period. American Century Companies Inc. grew its stake in shares of Simply Good Foods by 1.8% during the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 348 shares during the period. Cohen Capital Management Inc. increased its stake in shares of Simply Good Foods by 0.5% in the first quarter. Cohen Capital Management Inc. now owns 115,470 shares of the financial services provider’s stock worth $3,929,000 after purchasing an additional 522 shares in the last quarter. Arizona State Retirement System grew its stake in Simply Good Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock valued at $961,000 after buying an additional 533 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Simply Good Foods by 182.4% during the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 549 shares during the period. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Up 2.3 %

SMPL opened at $34.15 on Monday. Simply Good Foods has a 52-week low of $30.00 and a 52-week high of $43.00. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.42 billion, a P/E ratio of 23.55, a P/E/G ratio of 2.21 and a beta of 0.62. The firm’s 50 day moving average is $33.62 and its 200-day moving average is $34.73.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The business had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. During the same period in the previous year, the business posted $0.40 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Simply Good Foods will post 1.69 EPS for the current fiscal year.

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.