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

Key Points

• Analysts have assigned a consensus recommendation of "Hold" on Simply Good Foods from 11 brokerages (1 sell, 5 hold, 5 buy), with an average 12‑month price target of $29.11.
• The stock opened at $14.35 (1‑year range $13.71–$38.15) with a market cap of $1.33 billion and a PE of 15.94, and its 50‑day ($16.47) and 200‑day ($19.64) moving averages point to recent downward momentum.
• In the latest quarter the company reported $0.39 EPS vs. a $0.36 consensus and $340.2M revenue (down 0.3% YoY), and the stock is heavily institutionally owned at 88.45% with several large funds recently adding positions.

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.1111.

A number of equities analysts recently commented on SMPL shares. Sanford C. Bernstein restated an "outperform" rating on shares of Simply Good Foods in a report on Friday, January 9th. Jefferies Financial Group upgraded shares of Simply Good Foods from a "hold" rating to a "buy" rating and cut their price target for the company from $23.00 to $22.00 in a report on Monday, March 16th. UBS Group reissued a "neutral" rating on shares of Simply Good Foods in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $22.00 target price on shares of Simply Good Foods in a research report on Monday, December 15th. Finally, Mizuho set a $30.00 target price on shares of Simply Good Foods in a research note on Thursday, January 15th.

Simply Good Foods Stock Down 1.6%

NASDAQ SMPL opened at $14.35 on Wednesday. Simply Good Foods has a 1 year low of $13.71 and a 1 year high of $38.15. The stock has a market capitalization of $1.33 billion, a PE ratio of 15.94 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The business's 50-day moving average is $16.47 and its 200 day moving average is $19.64.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $340.20 million during the quarter, compared to analysts' expectations of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business's revenue was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Sell-side analysts forecast that Simply Good Foods will post 1.78 earnings per share for the current year.

Institutional Trading of Simply Good Foods

Several large investors have recently bought and sold shares of the company. River Road Asset Management LLC bought a new position in shares of Simply Good Foods in the 4th quarter worth approximately $31,857,000. Marshall Wace LLP purchased a new position in shares of Simply Good Foods in the 3rd quarter valued at approximately $31,825,000. Norges Bank bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $36,419,000. Millennium Management LLC grew its stake in Simply Good Foods by 482.7% in the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider's stock worth $30,932,000 after purchasing an additional 1,032,358 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in 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 purchasing an additional 799,983 shares during the period. 88.45% of the stock is owned by institutional investors.

About Simply Good Foods

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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