Simply Good Foods (NASDAQ:SMPL) Price Target Cut to $38.00 by Analysts at DA Davidson

Simply Good Foods (NASDAQ:SMPL - Free Report) had its price objective reduced by DA Davidson from $42.00 to $38.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

Other analysts have also recently issued reports about the stock. UBS Group started coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 target price on the stock. Morgan Stanley increased their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Wall Street Zen raised shares of Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Mizuho lifted their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and an average target price of $40.67.

Simply Good Foods Stock Up 0.1%

NASDAQ:SMPL traded up $0.03 during mid-day trading on Monday, hitting $33.08. The company had a trading volume of 1,337,589 shares, compared to its average volume of 946,521. The business has a fifty day simple moving average of $35.41 and a 200-day simple moving average of $36.42. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 3.23 and a beta of 0.72. Simply Good Foods has a 1 year low of $31.25 and a 1 year high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The company 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 10.25% and a net margin of 10.40%. The business's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Equities analysts forecast that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares in the company, valued at approximately $478,252.75. The trade was a 28.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.35% of the company's stock.

Institutional Investors Weigh In On Simply Good Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Simply Good Foods by 50.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock valued at $1,781,000 after purchasing an additional 15,275 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Simply Good Foods by 255.5% in 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 last quarter. Cetera Investment Advisers acquired a new position in shares of Simply Good Foods in the 4th quarter worth approximately $217,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Simply Good Foods by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,033,884 shares of the financial services provider's stock worth $40,301,000 after purchasing an additional 43,874 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Simply Good Foods by 0.8% during the first quarter. Rhumbline Advisers now owns 255,703 shares of the financial services provider's stock valued at $8,819,000 after purchasing an additional 1,904 shares during the last quarter. 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.