Simply Good Foods (NASDAQ:SMPL) Price Target Lowered to $40.00 at Citigroup

Simply Good Foods (NASDAQ:SMPL - Free Report) had its target price trimmed by Citigroup from $43.00 to $40.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the financial services provider's stock.

Several other equities analysts have also commented on the company. Morgan Stanley upped their target price on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. UBS Group began coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target for the company. Mizuho upped their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th. Wall Street Zen upgraded Simply Good Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Finally, DA Davidson dropped their price target on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Simply Good Foods currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.86.

Simply Good Foods Trading Down 1.5%

Simply Good Foods stock traded down $0.50 during trading on Wednesday, hitting $32.29. The company's stock had a trading volume of 941,870 shares, compared to its average volume of 960,269. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.71 and a beta of 0.72. The stock's fifty day moving average is $35.07 and its 200 day moving average is $36.10. Simply Good Foods has a 1-year low of $31.25 and a 1-year high of $40.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.70 and a current ratio of 4.27.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million during the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a return on equity of 10.39% and a net margin of 10.31%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, equities research analysts predict that Simply Good Foods will post 1.78 EPS for the current year.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares of the company's stock, valued at $478,252.75. This trade represents a 28.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after buying an additional 445 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Simply Good Foods during the 1st quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Simply Good Foods during the 1st quarter worth approximately $55,000. Smartleaf Asset Management LLC raised its position in shares of Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,229 shares during the period. Finally, Quarry LP raised its position in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock worth $69,000 after purchasing an additional 751 shares during the period. Institutional investors own 88.45% of the company's stock.

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.