The Simply Good Foods Company (NASDAQ:SMPL) Receives $40.78 Consensus Target Price from Analysts

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $40.78.

Several research analysts have recently commented on SMPL shares. Citigroup lowered their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Stephens reduced their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $39.11 on Friday. The company has a market capitalization of $3.92 billion, a P/E ratio of 28.34, a P/E/G ratio of 3.36 and a beta of 0.64. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The stock’s fifty day moving average is $34.64 and its two-hundred day moving average is $35.02.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The company had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. During the same quarter last year, the firm posted $0.41 earnings per share. Simply Good Foods’s revenue was up 17.3% compared to the same quarter last year. Equities analysts expect that Simply Good Foods will post 1.76 EPS for the current year.

Insider Buying and Selling

In other news, Director Joseph Scalzo sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total value of $899,750.00. Following the transaction, the director now owns 139,204 shares in the company, valued at approximately $5,009,951.96. This represents a 15.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Timothy Richard Kraft sold 76,761 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $37.60, for a total value of $2,886,213.60. Following the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock worth $12,139,570 over the last 90 days. 10.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SMPL. Vanguard Group Inc. increased its position in shares of Simply Good Foods by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock worth $377,711,000 after purchasing an additional 174,157 shares in the last quarter. FMR LLC grew its stake in Simply Good Foods by 20.0% during the 3rd quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after buying an additional 855,070 shares during the last quarter. Champlain Investment Partners LLC increased its position in Simply Good Foods by 4.0% during the third quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after buying an additional 155,894 shares during the period. State Street Corp lifted its stake in Simply Good Foods by 6.0% in the third quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after buying an additional 208,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Simply Good Foods by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after acquiring an additional 203,914 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Company Profile

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.