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

The Simply Good Foods Company (NASDAQ:SMPL) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $40.29.

SMPL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. Stifel Nicolaus upped their price target on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. DA Davidson upped their price target on shares of Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Mizuho reaffirmed a “buy” rating and issued a $50.00 price target on shares of Simply Good Foods in a report on Friday, April 5th. Finally, TD Cowen began coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price target on the stock.

Simply Good Foods Trading Up 0.3 %

NASDAQ SMPL opened at $34.03 on Friday. The company’s fifty day simple moving average is $36.24 and its 200-day simple moving average is $35.89. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.41 billion, a P/E ratio of 23.47, a PEG ratio of 2.42 and a beta of 0.61.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $337.66 million. During the same period in the previous year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that Simply Good Foods will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director James D. White sold 4,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.98% of the stock is owned by insiders.

Institutional Trading of Simply Good Foods

Several institutional investors have recently added to or reduced their stakes in SMPL. GAMMA Investing LLC grew its position in shares of Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 549 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Simply Good Foods by 103.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 433 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Simply Good Foods during the fourth quarter worth about $36,000. Finally, TFO Wealth Partners LLC grew its position in shares of Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,182 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

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.