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

Key Points

• Consensus "Hold": Fourteen analysts rate SMPL a consensus Hold (2 sell, 7 hold, 5 buy) with an average 1‑year price target of about $22.64.
• Insider buy: Director James M. Kilts purchased 80,000 shares at $12.39, boosting his stake to 172,854 shares; insiders now own 8.76% of the company.
• Mixed Q1 results: The company reported EPS of $0.45 (beat $0.40) but revenue of $326.01M missed the $345.08M estimate and was down 9.4% year‑over‑year, with a negative net margin of 7.46%.

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have received a consensus rating of "Hold" from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.6364.

A number of brokerages recently commented on SMPL. Jefferies Financial Group raised Simply Good Foods from a "hold" rating to a "buy" rating and decreased their price target for the company from $23.00 to $22.00 in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Simply Good Foods from $16.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, April 10th. BTIG Research began coverage on Simply Good Foods in a research report on Monday, April 13th. They set a "neutral" rating for the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Simply Good Foods in a research report on Monday, December 29th. Finally, TD Cowen decreased their price target on Simply Good Foods from $20.00 to $13.00 and set a "hold" rating for the company in a research report on Friday, April 10th.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, Director James M. Kilts purchased 80,000 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average cost of $12.39 per share, with a total value of $991,200.00. Following the completion of the transaction, the director owned 172,854 shares of the company's stock, valued at $2,141,661.06. The trade was a 86.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.76% of the company's stock.

Hedge Funds Weigh In On Simply Good Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in Simply Good Foods by 125.4% during the second 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 period. Hantz Financial Services Inc. grew its holdings in Simply Good Foods by 82.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 807 shares during the period. Johnson Financial Group Inc. bought a new position in Simply Good Foods during the third quarter valued at $36,000. Parallel Advisors LLC grew its holdings in Simply Good Foods by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 1,331 shares during the period. Finally, Empowered Funds LLC bought a new position in Simply Good Foods during the fourth quarter valued at $59,000. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Stock Performance

Shares of SMPL opened at $13.36 on Friday. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -11.23 and a beta of 0.33. The stock has a 50 day moving average of $14.49 and a 200 day moving average of $18.10. Simply Good Foods has a 12 month low of $10.21 and a 12 month high of $36.99.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. The company had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.Simply Good Foods's revenue was down 9.4% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. As a group, sell-side analysts forecast that Simply Good Foods will post 1.54 earnings per share for the current year.

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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