The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have given The Simply Good Foods Company a consensus rating of "Hold" from 11 firms (1 sell, 5 hold, 4 buy, 1 strong buy) with an average 12‑month price target of $29.67.
• For the most recent quarter the company reported EPS of $0.39 (vs. $0.36 est.) and revenue of $340.2M (vs. $337.64M est.), but EPS fell from $0.49 a year earlier and revenue was down 0.3% year‑over‑year.
• Shares opened at $15.99 (12‑month range $15.30–$38.15) with a market cap of about $1.48B, and institutional investors own roughly 88.45% after several large funds added or increased positions.

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $29.6667.

A number of analysts recently issued reports on the company. UBS Group reissued a "neutral" rating on shares of Simply Good Foods in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $22.00 price target on shares of Simply Good Foods in a report on Monday, December 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Simply Good Foods in a research note on Monday, December 29th. Sanford C. Bernstein restated an "outperform" rating on shares of Simply Good Foods in a report on Friday, January 9th. Finally, Mizuho set a $30.00 price objective on shares of Simply Good Foods in a research report on Thursday, January 15th.

Simply Good Foods Stock Down 2.4%

Simply Good Foods stock opened at $15.99 on Friday. Simply Good Foods has a twelve month low of $15.30 and a twelve month high of $38.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The firm has a market cap of $1.48 billion, a PE ratio of 17.77, a P/E/G ratio of 2.13 and a beta of 0.26. The firm's 50 day moving average price is $18.43 and its two-hundred day moving average price is $21.42.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company had revenue of $340.20 million during the quarter, compared to analyst estimates of $337.64 million. During the same quarter last year, the business posted $0.49 EPS. The company's revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts predict that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. River Road Asset Management LLC acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at $31,857,000. Marshall Wace LLP acquired a new position in Simply Good Foods during the third quarter worth $31,825,000. Norges Bank bought a new position in Simply Good Foods during the second quarter valued at about $36,419,000. Millennium Management LLC raised its holdings in Simply Good Foods by 482.7% during the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider's stock valued at $30,932,000 after buying an additional 1,032,358 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Simply Good Foods by 781.1% in the third quarter. Voloridge Investment Management LLC now owns 902,397 shares of the financial services provider's stock worth $22,397,000 after buying an additional 799,983 shares during the last quarter. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Company Profile

Simply Good Foods Co NASDAQ: SMPL is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.

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