DA Davidson Increases Simply Good Foods (NASDAQ:SMPL) Price Target to $41.00

Simply Good Foods (NASDAQ:SMPL - Free Report) had its target price increased by DA Davidson from $35.00 to $41.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

Other research analysts also recently issued research reports about the company. Mizuho cut their price target on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Morgan Stanley raised 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and an average target price of $40.22.

Simply Good Foods Stock Performance

Shares of SMPL traded up $0.12 during trading hours on Friday, reaching $37.69. 960,133 shares of the company traded hands, compared to its average volume of 929,687. The stock's fifty day moving average is $35.76 and its 200 day moving average is $36.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The stock has a market cap of $3.81 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. Simply Good Foods has a 1-year low of $31.25 and a 1-year high of $40.53.

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

Insiders Place Their Bets

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred 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 of the company's stock, valued at approximately $478,252.75. This trade represents a 28.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.35% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new position in Simply Good Foods during the 4th quarter worth $26,000. CIBC Private Wealth Group LLC raised its stake in Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,229 shares during the period. GAMMA Investing LLC grew its stake in Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock worth $69,000 after buying an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.

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.