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

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have received an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $40.22.

A number of analysts have recently issued reports on SMPL shares. Stephens dropped their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Mizuho raised their target price on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Citigroup decreased their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, November 14th.

Simply Good Foods Stock Up 0.2 %

SMPL stock traded up $0.07 during midday trading on Thursday, hitting $39.61. The company's stock had a trading volume of 651,443 shares, compared to its average volume of 885,532. The firm's 50-day moving average is $36.28 and its 200-day moving average is $35.24. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00. The company has a market cap of $3.97 billion, a PE ratio of 28.70, a P/E/G ratio of 3.46 and a beta of 0.67.

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

Insider Activity

In other news, insider Timothy Richard Kraft sold 21,209 shares of Simply Good Foods stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.50, for a total transaction of $774,128.50. Following the transaction, the insider now directly owns 40,068 shares of the company's stock, valued at $1,462,482. The trade was a 34.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Scalzo sold 2,374 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $36.23, for a total value of $86,010.02. Following the transaction, the director now owns 136,830 shares of the company's stock, valued at approximately $4,957,350.90. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,869 shares of company stock valued at $12,139,570 in the last 90 days. Company insiders own 10.98% of the company's stock.

Hedge Funds Weigh In On Simply Good Foods

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Simply Good Foods by 1.8% in the second quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider's stock valued at $721,000 after acquiring an additional 348 shares in the last quarter. Fulton Bank N.A. raised its stake in Simply Good Foods by 4.9% during the 3rd quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider's stock valued at $332,000 after purchasing an additional 443 shares during the period. Stifel Financial Corp lifted its holdings in Simply Good Foods by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock worth $928,000 after purchasing an additional 498 shares in the last quarter. Cynosure Group LLC boosted its stake in Simply Good Foods by 4.9% in the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider's stock worth $371,000 after purchasing an additional 500 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Simply Good Foods by 3.9% during the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock valued at $473,000 after buying an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

About Simply Good Foods

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.