The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of "Moderate Buy" by Analysts

The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) has been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $40.22.

A number of brokerages have recently issued reports on SMPL. Citigroup dropped their price objective 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. Mizuho increased their price target on shares of Simply Good Foods from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Finally, Stephens decreased their price objective on Simply Good Foods from $44.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL traded down $2.46 during mid-day trading on Monday, hitting $37.04. The company had a trading volume of 1,845,049 shares, compared to its average volume of 1,140,114. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $42.37. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75. The firm has a market cap of $3.74 billion, a P/E ratio of 26.84, a PEG ratio of 3.51 and a beta of 0.67. The business's 50-day simple moving average is $38.12 and its 200-day simple moving average is $35.44.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share for the quarter, hitting the consensus estimate 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%. Simply Good Foods's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. As a group, analysts predict that Simply Good Foods will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Simply Good Foods news, insider Timothy Richard Kraft sold 21,209 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.50, for a total transaction of $774,128.50. Following the sale, the insider now owns 40,068 shares of the company's stock, valued at $1,462,482. This represents a 34.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian K. Ratzan sold 50,000 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $37.38, for a total transaction of $1,869,000.00. Following the completion of the transaction, the director now directly owns 2,049,387 shares of the company's stock, valued at approximately $76,606,086.06. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,869 shares of company stock worth $12,139,570 in the last three months. Insiders own 9.35% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMPL. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 1,201 shares during the last quarter. Franklin Resources Inc. raised its holdings in Simply Good Foods by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,065,941 shares of the financial services provider's stock worth $36,402,000 after purchasing an additional 28,876 shares during the last quarter. Tidal Investments LLC lifted its position in Simply Good Foods by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider's stock valued at $1,796,000 after purchasing an additional 15,455 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Simply Good Foods by 70.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,575 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 1,887 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Simply Good Foods by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider's stock worth $74,515,000 after buying an additional 10,477 shares during the period. 88.45% of the stock is currently owned by institutional investors.

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.