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

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $39.88.

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Mizuho cut their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. DA Davidson lowered their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Wall Street Zen lowered shares of Simply Good Foods from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the company an "outperform" rating in a research note on Friday, July 11th.

Simply Good Foods Stock Down 0.8%

Shares of Simply Good Foods stock traded down $0.28 during midday trading on Friday, reaching $32.91. 124,517 shares of the company's stock traded hands, compared to its average volume of 1,102,187. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 3.25 and a beta of 0.68. The company's 50 day simple moving average is $33.20 and its 200 day simple moving average is $35.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. Simply Good Foods has a 52 week low of $30.47 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The business had revenue of $380,956 billion 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%. Simply Good Foods's revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. Equities analysts expect that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

Insider Transactions at Simply Good Foods

In related news, CEO Geoff E. Tanner purchased 6,050 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were bought at an average cost of $33.11 per share, for a total transaction of $200,315.50. Following the transaction, the chief executive officer directly owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.35% of the stock is owned by corporate insiders.

Institutional Trading of Simply Good Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its position in Simply Good Foods by 50.2% in the 4th quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock worth $1,781,000 after purchasing an additional 15,275 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Simply Good Foods in the 4th quarter worth $206,000. Assenagon Asset Management S.A. acquired a new stake in Simply Good Foods in the 1st quarter worth $1,437,000. SG Americas Securities LLC acquired a new stake in Simply Good Foods in the 1st quarter worth $712,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Simply Good Foods by 24.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock worth $131,000 after acquiring an additional 754 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

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.