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 recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.22.

Separately, Mizuho lowered their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th.

Simply Good Foods Trading Down 1.0 %

Shares of SMPL opened at $33.00 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. Simply Good Foods has a 52-week low of $30.00 and a 52-week high of $40.53. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.23 and a beta of 0.65. The business’s fifty day moving average is $36.34 and its 200-day moving average is $36.19.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. Equities analysts anticipate that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Simply Good Foods

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in Simply Good Foods by 86.5% in the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock valued at $372,890,000 after acquiring an additional 4,437,372 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Simply Good Foods by 4.0% in 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 purchasing an additional 155,894 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Simply Good Foods by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider’s stock valued at $148,558,000 after purchasing an additional 366,072 shares during the period. State Street Corp raised its position in Simply Good Foods by 6.0% during the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock worth $127,473,000 after purchasing an additional 208,070 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider’s stock worth $138,528,000 after purchasing an additional 90,444 shares during the last quarter. 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.