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

Key Points

• The Simply Good Foods Company (NASDAQ:SMPL) has received an average rating of "Moderate Buy" based on reviews from nine analysts, with four hold ratings and five buy ratings.
• The company's stock has seen a recent target price change, with analysts setting a 12-month price objective around $39.88, with varying estimates from different firms.
• Despite a slight decline in stock price targets, Simply Good Foods reported a 13.8% revenue increase year-over-year, with earnings per share meeting analyst expectations at $0.51.

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) has been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $39.8750.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, June 27th. UBS Group set a $36.00 target price on shares of Simply Good Foods and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Simply Good Foods in a research report on Saturday, September 27th. Mizuho cut their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 15th. Finally, Citigroup cut their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th.

Simply Good Foods Trading Up 2.3%

NASDAQ:SMPL opened at $24.26 on Wednesday. The company has a fifty day moving average of $27.77 and a 200 day moving average of $31.98. Simply Good Foods has a 52 week low of $23.50 and a 52 week high of $40.53. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.44 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.53 and a beta of 0.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. The business had revenue of $380.96 million for the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. On average, research analysts predict that Simply Good Foods will post 1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Geoff E. Tanner acquired 6,050 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average cost of $33.11 per share, with a total value of $200,315.50. Following the transaction, the chief executive officer owned 98,190 shares of the company's stock, valued at $3,251,070.90. This trade represents a 6.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 9.35% of the company's stock.

Institutional Trading of Simply Good Foods

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 538 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Simply Good Foods during the 1st quarter valued at about $54,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Simply Good Foods during the 1st quarter valued at about $55,000. Quarry LP boosted its holdings in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 751 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Simply Good Foods during the 2nd quarter valued at about $87,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

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.

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