The Simply Good Foods Company (NASDAQ:SMPL) Receives $41.00 Average Target Price from Analysts

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) has been given an average rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $41.00.

A number of research analysts have commented on SMPL shares. UBS Group assumed coverage on Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price objective on the stock. 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. Mizuho increased their target price on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. DA Davidson increased their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Wall Street Zen raised Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th.

Simply Good Foods Stock Performance

NASDAQ SMPL traded down $0.17 on Thursday, reaching $33.17. The stock had a trading volume of 1,611,798 shares, compared to its average volume of 940,777. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The firm has a fifty day moving average of $35.47 and a two-hundred day moving average of $36.54. Simply Good Foods has a 1-year low of $31.25 and a 1-year high of $40.53. The company has a market cap of $3.35 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data 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. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same period in the prior year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Simply Good Foods will post 1.78 EPS for the current year.

Insider Buying and Selling

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 directly owns 12,839 shares in the company, valued at $478,252.75. This represents a 28.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Simply Good Foods

Several large investors have recently bought and sold shares of the company. FMR LLC raised 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 valued at $372,890,000 after purchasing an additional 4,437,372 shares during the last quarter. T. Rowe Price Investment Management Inc. raised 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 valued at $179,160,000 after purchasing an additional 134,618 shares during the last quarter. Wellington Management Group LLP raised its position in Simply Good Foods by 18.3% in the first quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider's stock valued at $144,703,000 after purchasing an additional 649,258 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Simply Good Foods by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock valued at $148,558,000 after purchasing an additional 366,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Simply Good Foods by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,764,646 shares of the financial services provider's stock valued at $129,841,000 after purchasing an additional 210,782 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Company Profile

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.