Simply Good Foods (NASDAQ:SMPL) Coverage Initiated by Analysts at UBS Group

Stock analysts at UBS Group started coverage on shares of Simply Good Foods (NASDAQ:SMPL - Get Free Report) in a report issued on Wednesday, MarketBeat reports. The brokerage set a "neutral" rating and a $41.00 price target on the financial services provider's stock. UBS Group's target price suggests a potential upside of 16.13% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. DA Davidson lifted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Mizuho raised 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. Finally, Morgan Stanley raised their target price on shares of 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Stock Up 0.2 %

Shares of NASDAQ SMPL traded up $0.08 during mid-day trading on Wednesday, reaching $35.31. 399,504 shares of the company were exchanged, compared to its average volume of 919,324. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 3.23 and a beta of 0.63. The firm has a 50-day moving average of $35.54 and a 200 day moving average of $36.50. Simply Good Foods has a 1 year low of $31.25 and a 1 year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. On average, research analysts expect that Simply Good Foods will post 1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. This trade represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMPL. FMR LLC boosted its position in Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after purchasing an additional 4,437,372 shares in the last quarter. Norges Bank purchased a new position in shares of Simply Good Foods in the 4th quarter valued at about $44,006,000. Boston Trust Walden Corp increased its stake in Simply Good Foods by 31.3% during the 4th quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after buying an additional 722,963 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock worth $138,232,000 after purchasing an additional 674,618 shares during the last quarter. Finally, Boston Partners lifted its holdings in Simply Good Foods by 109.0% in the fourth quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock valued at $47,287,000 after acquiring an additional 637,038 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.