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

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.22.

A number of research firms recently weighed in on SMPL. Stephens decreased 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. Mizuho boosted their price target on shares of Simply Good Foods from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Citigroup lowered their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $39.67 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. Simply Good Foods has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The stock has a market cap of $3.98 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 3.50 and a beta of 0.67. The stock has a fifty day moving average of $36.39 and a 200-day moving average of $35.24.

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

Insider Buying and Selling

In other news, insider Timothy Richard Kraft sold 21,209 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.50, for a total value of $774,128.50. Following the completion of the sale, the insider now owns 40,068 shares of the company’s stock, valued at approximately $1,462,482. This represents a 34.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Scalzo sold 25,000 shares of Simply Good Foods stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total transaction of $899,750.00. Following the completion of the transaction, the director now owns 139,204 shares in the company, valued at approximately $5,009,951.96. The trade was a 15.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,869 shares of company stock worth $12,139,570. Corporate insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in Simply Good Foods by 671.9% in the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock worth $1,109,000 after purchasing an additional 26,720 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Simply Good Foods in the second quarter worth $224,000. Blue Trust Inc. raised its holdings in Simply Good Foods by 446.1% during the 2nd quarter. Blue Trust Inc. now owns 12,166 shares of the financial services provider’s stock valued at $414,000 after buying an additional 9,938 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Simply Good Foods by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $1,655,000 after buying an additional 800 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Simply Good Foods by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 745,167 shares of the financial services provider’s stock worth $26,923,000 after acquiring an additional 19,696 shares during the last quarter. 88.45% of the stock is owned by institutional investors.

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.