The Simply Good Foods Company (NASDAQ:SMPL) Receives Average Recommendation 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 analysts that are presently covering the stock, 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 12 month price target among analysts that have issued a report on the stock in the last year is $40.22.

Several brokerages have commented on SMPL. Citigroup cut their target price on 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 cut their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, January 10th.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL traded up $0.74 during midday trading on Tuesday, hitting $37.75. The company's stock had a trading volume of 923,663 shares, compared to its average volume of 1,076,204. The stock has a fifty day moving average price of $37.20 and a 200 day moving average price of $35.87. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 3.23 and a beta of 0.65. Simply Good Foods has a one year low of $30.00 and a one year high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $341.30 million for the quarter, compared to analysts' expectations of $347.32 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts forecast that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SMPL. R Squared Ltd bought a new position in shares of Simply Good Foods in the 4th quarter worth $26,000. CIBC Private Wealth Group LLC increased its stake 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 acquiring an additional 445 shares during the last quarter. Quarry LP increased its stake 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 valued at $47,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 worth $66,000 after purchasing an additional 1,229 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 in the last quarter. 88.45% of the stock is currently 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.