The Simply Good Foods Company (NASDAQ:SMPL) Receives Average Recommendation of “Moderate Buy” from Brokerages

The Simply Good Foods Company (NASDAQ:SMPL) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $40.50.

Several research firms recently weighed in on SMPL. DA Davidson increased their price objective on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Stephens dropped their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd.

Insider Activity at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the completion of the transaction, the senior vice president now owns 19,319 shares in the company, valued at approximately $665,346.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.98% of the stock is currently owned by insiders.

Institutional Trading of Simply Good Foods

Several institutional investors and hedge funds have recently bought and sold shares of SMPL. Wellington Management Group LLP purchased a new position in Simply Good Foods during the 4th quarter worth approximately $4,878,000. Banque Cantonale Vaudoise acquired a new position in Simply Good Foods during the first quarter valued at $103,000. Diversified Trust Co lifted its stake in Simply Good Foods by 55.6% in the 1st quarter. Diversified Trust Co now owns 32,353 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 11,560 shares in the last quarter. Congress Wealth Management LLC DE boosted its position in Simply Good Foods by 5.5% during the 1st quarter. Congress Wealth Management LLC DE now owns 198,854 shares of the financial services provider’s stock worth $6,767,000 after acquiring an additional 10,376 shares during the period. Finally, Norden Group LLC boosted its position in Simply Good Foods by 1,949.9% during the 1st quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock worth $7,170,000 after acquiring an additional 200,412 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Simply Good Foods stock opened at $33.46 on Wednesday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The firm’s fifty day moving average price is $33.29 and its 200 day moving average price is $34.77. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $375.70 million for the quarter, compared to analysts’ expectations of $373.07 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, research analysts forecast that Simply Good Foods will post 1.69 EPS for the current fiscal year.

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.