The Simply Good Foods Company (NASDAQ:SMPL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $40.78.

Several research firms have commented on SMPL. Stephens lowered their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Citigroup lowered their price target on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a report on Thursday.

Insider Activity at Simply Good Foods

In other news, Director Joseph Scalzo sold 147,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total value of $5,425,792.00. Following the completion of the transaction, the director now owns 141,439 shares in the company, valued at $5,213,441.54. This trade represents a 51.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Timothy Richard Kraft sold 21,209 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.50, for a total value of $774,128.50. Following the sale, the insider now directly owns 40,068 shares in the company, valued at $1,462,482. This trade represents a 34.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 251,108 shares of company stock worth $9,253,356 in the last three months. Insiders own 10.98% of the company's stock.

Institutional Trading of Simply Good Foods

Several institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Simply Good Foods in the 2nd quarter valued at about $30,000. GAMMA Investing LLC lifted its stake in shares of Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider's stock valued at $31,000 after buying an additional 549 shares during the period. EverSource Wealth Advisors LLC boosted its position in Simply Good Foods by 236.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock worth $60,000 after acquiring an additional 1,241 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Simply Good Foods during the 2nd quarter worth $71,000. Finally, KBC Group NV boosted its holdings in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider's stock worth $107,000 after purchasing an additional 746 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Price Performance

SMPL traded down $0.61 during trading on Friday, hitting $36.71. The company's stock had a trading volume of 893,176 shares, compared to its average volume of 864,221. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $34.23 and its 200 day simple moving average is $34.95. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 3.25 and a beta of 0.64. Simply Good Foods has a twelve month low of $30.00 and a twelve month high of $43.00.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50. The company had revenue of $375.70 million for the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, equities research analysts forecast that Simply Good Foods will post 1.76 EPS for the current fiscal year.

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.