The Simply Good Foods Company (NASDAQ:SMPL) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $39.56.

SMPL has been the subject of several recent analyst reports. Mizuho lowered their price target on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Morgan Stanley initiated coverage on shares of Simply Good Foods in a report on Monday. They issued an "equal weight" rating and a $36.00 price target for the company.

Simply Good Foods Trading Down 0.6 %

Shares of Simply Good Foods stock traded down $0.19 during trading on Friday, reaching $33.21. 692,793 shares of the company were exchanged, compared to its average volume of 891,500. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 3.23 and a beta of 0.65. Simply Good Foods has a twelve month low of $30.00 and a twelve month high of $40.53. The business has a 50-day moving average price of $36.31 and a 200-day moving average price of $36.24. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

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Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 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 $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Simply Good Foods

Several hedge funds and other institutional investors have recently made changes to their positions in SMPL. R Squared Ltd bought a new position in shares of Simply Good Foods in the fourth quarter valued at about $26,000. CIBC Private Wealth Group LLC lifted its holdings 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 buying an additional 445 shares during the period. Quarry LP grew its holdings in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock worth $47,000 after purchasing an additional 533 shares during the period. Smartleaf Asset Management LLC grew its position in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,201 shares in the last quarter. 88.45% of the stock is 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.