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

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $40.43.

Several research firms have recently issued reports on SMPL. Morgan Stanley increased their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. UBS Group assumed coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. DA Davidson cut their price target on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Citigroup lowered their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Finally, Mizuho boosted their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th.

Insiders Place Their Bets

In other 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 value of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 9.35% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in Simply Good Foods by 50.2% in the fourth quarter. Wells Fargo & Company MN now owns 45,685 shares of the financial services provider's stock valued at $1,781,000 after buying an additional 15,275 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Simply Good Foods in the 4th quarter worth about $206,000. Assenagon Asset Management S.A. acquired a new position in shares of Simply Good Foods in the 1st quarter valued at about $1,437,000. Smartleaf Asset Management LLC boosted its position in shares of Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Simply Good Foods during the first quarter worth approximately $712,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $31.91 on Monday. The stock has a 50 day simple moving average of $34.55 and a 200 day simple moving average of $35.82. The stock has a market cap of $3.22 billion, a P/E ratio of 22.16, a PEG ratio of 2.91 and a beta of 0.72. Simply Good Foods has a 1-year low of $31.25 and a 1-year high of $40.53. The company has a current ratio of 4.27, a quick ratio of 2.70 and a debt-to-equity ratio of 0.16.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.39% and a net margin of 10.31%. The company's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current year.

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.

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