Simply Good Foods (NASDAQ:SMPL) PT Lowered to $34.00 at DA Davidson

Simply Good Foods (NASDAQ:SMPL - Get Free Report) had its price objective dropped by DA Davidson from $39.00 to $34.00 in a research note issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. DA Davidson's price target points to a potential upside of 5.59% from the stock's previous close.

Several other research analysts have also issued reports on the stock. Mizuho restated a "buy" rating and set a $50.00 price target on shares of Simply Good Foods in a report on Friday. Needham & Company LLC lowered their price target on shares of Simply Good Foods from $45.00 to $41.00 and set a "buy" rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $42.00 price target (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Stifel Nicolaus lowered their price target on shares of Simply Good Foods from $48.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, March 28th. Finally, Morgan Stanley lowered their price objective on shares of Simply Good Foods from $46.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.43.

Simply Good Foods Trading Down 1.6 %

NASDAQ:SMPL traded down $0.53 during mid-day trading on Friday, hitting $32.20. 1,881,533 shares of the company's stock were exchanged, compared to its average volume of 918,187. The company has a 50 day simple moving average of $34.93 and a 200-day simple moving average of $36.88. The company has a current ratio of 5.02, a quick ratio of 3.46 and a debt-to-equity ratio of 0.17. Simply Good Foods has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The firm has a market capitalization of $3.21 billion, a P/E ratio of 24.58, a PEG ratio of 2.39 and a beta of 0.69.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Thursday, January 4th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. Simply Good Foods had a net margin of 10.66% and a return on equity of 9.95%. The firm had revenue of $308.70 million during the quarter, compared to analyst estimates of $309.26 million. During the same quarter last year, the business earned $0.40 EPS. The company's revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect that Simply Good Foods will post 1.69 earnings per share for the current year.

Insider Activity

In other Simply Good Foods news, SVP Susan Hunsberger sold 35,010 shares of the business's stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $40.63, for a total transaction of $1,422,456.30. Following the completion of the sale, the senior vice president now owns 30,768 shares in the company, valued at approximately $1,250,103.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Simply Good Foods news, SVP Susan Hunsberger sold 35,010 shares of the business's stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $40.63, for a total transaction of $1,422,456.30. Following the completion of the sale, the senior vice president now owns 30,768 shares in the company, valued at approximately $1,250,103.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stuart E. Jr. Heflin sold 1,048 shares of the business's stock in a transaction on Monday, January 8th. The shares were sold at an average price of $40.45, for a total transaction of $42,391.60. Following the sale, the senior vice president now owns 21,084 shares of the company's stock, valued at approximately $852,847.80. The disclosure for this sale can be found here. Insiders sold 38,558 shares of company stock worth $1,563,248 in the last quarter. 10.98% of the stock is owned by corporate insiders.

Institutional Trading of Simply Good Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of SMPL. Belpointe Asset Management LLC boosted its holdings in Simply Good Foods by 235.7% during the 1st quarter. Belpointe Asset Management LLC now owns 621 shares of the financial services provider's stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Point72 Middle East FZE purchased a new position in Simply Good Foods during the 4th quarter worth $30,000. Pacer Advisors Inc. boosted its holdings in Simply Good Foods by 121.5% during the 4th 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 boosted its holdings in Simply Good Foods by 103.1% during the 4th 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. Finally, Principal Securities Inc. purchased a new position in Simply Good Foods during the 4th quarter worth $36,000. 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.