Simply Good Foods (NASDAQ:SMPL) Stock Price Up 1.7%

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) were up 1.7% during mid-day trading on Tuesday . The stock traded as high as $32.31 and last traded at $32.30. Approximately 56,047 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 901,292 shares. The stock had previously closed at $31.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMPL shares. Needham & Company LLC dropped their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Mizuho restated a "buy" rating and issued a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson dropped their target price on shares of Simply Good Foods from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, March 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $41.17.

Simply Good Foods Trading Up 3.9 %

The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.30 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.36 and a beta of 0.69. The firm's 50 day simple moving average is $34.22 and its two-hundred day simple moving average is $36.79.

Insider Buying and Selling at Simply Good Foods

In other news, Director Robert G. Montgomery sold 2,500 shares of the business's stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the director now directly owns 52,738 shares of the company's stock, valued at $2,075,767.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.98% of the company's stock.

Institutional Investors Weigh In On Simply Good Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in Simply Good Foods in the 4th quarter worth about $39,991,000. FMR LLC grew its position in Simply Good Foods by 42.3% in the 3rd quarter. FMR LLC now owns 2,761,132 shares of the financial services provider's stock worth $95,314,000 after purchasing an additional 820,801 shares in the last quarter. Scopus Asset Management L.P. grew its position in Simply Good Foods by 174.3% in the 1st quarter. Scopus Asset Management L.P. now owns 1,200,000 shares of the financial services provider's stock worth $47,724,000 after purchasing an additional 762,500 shares in the last quarter. Morgan Stanley grew its position in Simply Good Foods by 105.3% in the 3rd quarter. Morgan Stanley now owns 1,354,258 shares of the financial services provider's stock worth $46,749,000 after purchasing an additional 694,542 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Simply Good Foods by 22.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,106,381 shares of the financial services provider's stock worth $118,136,000 after purchasing an additional 559,980 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

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.