The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $40.22.

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

Insider Transactions at Simply Good Foods

In related news, Director Joseph Scalzo sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $35.99, for a total value of $899,750.00. Following the completion of the transaction, the director now owns 139,204 shares of the company’s stock, valued at approximately $5,009,951.96. This trade represents a 15.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Timothy Allen Matthews sold 5,325 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $37.31, for a total transaction of $198,675.75. Following the sale, the chief accounting officer now directly owns 17,063 shares in the company, valued at $636,620.53. This trade represents a 23.79 % 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 in the last ninety days. 9.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMPL. Quarry LP bought a new position in shares of Simply Good Foods in the second quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its stake in Simply Good Foods by 236.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,201 shares during the period. KBC Group NV increased its stake in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Trading Up 1.3 %

NASDAQ SMPL opened at $39.50 on Monday. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00. The stock has a 50-day simple moving average of $38.05 and a 200 day simple moving average of $35.43. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.99 billion, a PE ratio of 28.62, a P/E/G ratio of 3.51 and a beta of 0.67.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Research analysts forecast that Simply Good Foods will post 1.77 EPS for the current 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.