Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $39.8750.
A number of equities analysts recently issued reports on the stock. Mizuho decreased their target price on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. UBS Group set a $36.00 target price on shares of Simply Good Foods and gave the company a "neutral" rating in a research report on Tuesday, July 1st. DA Davidson decreased their target price on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Citigroup decreased their target price 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, Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the company an "outperform" rating in a research report on Friday, July 11th.
Check Out Our Latest Report on Simply Good Foods
Insider Transactions at Simply Good Foods
In related news, CEO Geoff E. Tanner bought 6,050 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the transaction, the chief executive officer directly owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. This represents a 6.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.35% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Simply Good Foods
Several large investors have recently made changes to their positions in SMPL. EverSource Wealth Advisors LLC boosted its position in shares of Simply Good Foods by 125.4% during the 2nd 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Simply Good Foods during the 1st quarter valued at about $54,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Simply Good Foods during the 1st quarter valued at about $55,000. Quarry LP boosted its position in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 751 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Simply Good Foods during the 2nd quarter valued at about $87,000. Institutional investors own 88.45% of the company's stock.
Simply Good Foods Stock Performance
Shares of SMPL stock traded up $0.80 during trading hours on Tuesday, reaching $30.17. The stock had a trading volume of 1,122,034 shares, compared to its average volume of 1,240,421. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. Simply Good Foods has a twelve month low of $28.14 and a twelve month high of $40.53. The firm has a 50-day simple moving average of $31.43 and a 200-day simple moving average of $34.11. The firm has a market capitalization of $3.03 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.96 and a beta of 0.59.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business had revenue of $380,956 billion for the quarter, compared to analysts' expectations of $381.68 million. During the same quarter last year, the company earned $0.50 EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that Simply Good Foods will post 1.78 earnings per share for the current year.
About Simply Good Foods
(
Get Free Report)
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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