Brokerages Set The Simply Good Foods Company (NASDAQ:SMPL) PT at $41.00

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have been given an average rating of "Moderate Buy" by the nine brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.00.

SMPL has been the subject of a number of recent research reports. UBS Group initiated coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price objective for the company. Wall Street Zen upgraded Simply Good Foods from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. DA Davidson boosted their price target on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. 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 research note on Friday, April 11th.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.35% of the stock is owned by company insiders.

Institutional Trading of Simply Good Foods

Hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock worth $372,890,000 after buying an additional 4,437,372 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Simply Good Foods by 2.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,194,531 shares of the financial services provider's stock worth $179,160,000 after buying an additional 134,618 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Simply Good Foods by 18.3% during the first quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider's stock worth $144,703,000 after purchasing an additional 649,258 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Simply Good Foods by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after purchasing an additional 366,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Simply Good Foods by 5.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,764,646 shares of the financial services provider's stock worth $129,841,000 after purchasing an additional 210,782 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Trading Down 1.6%

Shares of SMPL stock traded down $0.53 during trading hours on Thursday, reaching $33.34. The company's stock had a trading volume of 1,131,065 shares, compared to its average volume of 933,542. The stock has a market capitalization of $3.37 billion, a P/E ratio of 23.65, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The firm's fifty day simple moving average is $35.52 and its 200 day simple moving average is $36.64. Simply Good Foods has a one year low of $31.25 and a one year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $359.70 million during the quarter, compared to analysts' expectations of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Equities research analysts expect that Simply Good Foods will post 1.78 EPS 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.