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

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.88.

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the stock an "outperform" rating in a research report on Friday, July 11th. Stifel Nicolaus cut their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Morgan Stanley lifted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. DA Davidson cut their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Finally, Mizuho lowered their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th.

Simply Good Foods Stock Up 1.0%

Shares of Simply Good Foods stock traded up $0.32 during trading hours on Friday, hitting $33.19. The company had a trading volume of 818,744 shares, compared to its average volume of 1,588,186. The company's 50-day moving average is $33.27 and its two-hundred day moving average is $35.04. Simply Good Foods has a twelve month low of $30.47 and a twelve month high of $40.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The company has a market cap of $3.34 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 3.22 and a beta of 0.68.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company had revenue of $380,956 billion during the quarter, compared to analysts' expectations of $381.68 million. During the same quarter last year, the business earned $0.50 EPS. The business's revenue was up 13.8% on a year-over-year basis. Analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, CEO Geoff E. Tanner bought 6,050 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was bought at an average cost of $33.11 per share, with a total value of $200,315.50. Following the completion of the transaction, the chief executive officer directly owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. The trade was a 6.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.35% of the company's stock.

Institutional Investors Weigh In On Simply Good Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in shares of Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after purchasing an additional 445 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Simply Good Foods during the 1st quarter worth about $54,000. Caitong International Asset Management Co. Ltd acquired a new position in Simply Good Foods during the 1st quarter worth about $55,000. Quarry LP lifted its position in Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock worth $69,000 after buying an additional 751 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after buying an additional 300 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

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.