The Simply Good Foods Company (NASDAQ:SMPL) Receives $40.22 Average PT from Analysts

Shares of The Simply Good Foods Company (NASDAQ:SMPL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $40.22.

Several analysts have recently issued reports on SMPL shares. Morgan Stanley upped their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Mizuho raised their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Finally, DA Davidson increased their target price on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday, April 11th.

Insider Buying and Selling

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This represents a 28.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simply Good Foods

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

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL traded up $0.82 during trading hours on Wednesday, hitting $37.31. 884,634 shares of the company's stock traded hands, compared to its average volume of 928,780. 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 company's fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $36.39. Simply Good Foods has a 52 week low of $31.25 and a 52 week high of $40.53. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63.

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