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

The Simply Good Foods Company (NASDAQ:SMPL) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $40.22.

Several brokerages recently weighed in on SMPL. Citigroup reduced their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Mizuho upped their target price on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Stephens lowered their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd.

Insider Activity at Simply Good Foods

In other news, Director Joseph Scalzo sold 2,374 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $86,010.02. Following the sale, the director now owns 136,830 shares of the company’s stock, valued at $4,957,350.90. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian K. Ratzan sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the transaction, the director now directly owns 2,049,387 shares of the company’s stock, valued at $76,606,086.06. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock valued at $12,139,570 over the last 90 days. Corporate insiders own 9.35% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

A number of large investors have recently added to or reduced their stakes in SMPL. Natixis Advisors LLC increased its position in shares of Simply Good Foods by 53.1% during the 2nd quarter. Natixis Advisors LLC now owns 27,197 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 9,436 shares during the last quarter. TD Asset Management Inc increased its holdings in Simply Good Foods by 72.8% during the second quarter. TD Asset Management Inc now owns 76,430 shares of the financial services provider’s stock valued at $2,761,000 after buying an additional 32,200 shares during the last quarter. Victory Capital Management Inc. raised its position in Simply Good Foods by 107.0% in the second quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after acquiring an additional 475,928 shares during the period. Arizona State Retirement System boosted its stake in shares of Simply Good Foods by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 533 shares during the last quarter. Finally, Norden Group LLC boosted its stake in shares of Simply Good Foods by 19.8% during the 2nd quarter. Norden Group LLC now owns 16,762 shares of the financial services provider’s stock worth $606,000 after acquiring an additional 2,768 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Down 2.5 %

Shares of NASDAQ SMPL opened at $35.84 on Monday. The firm’s fifty day moving average is $38.21 and its 200 day moving average is $35.44. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $42.37. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.51 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same quarter in the prior year, the company posted $0.43 EPS. Simply Good Foods’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that Simply Good Foods will post 1.77 earnings per share for the current 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.