The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of “Hold” by Analysts

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.6667.

SMPL has been the topic of a number of research analyst reports. Mizuho set a $30.00 price target on shares of Simply Good Foods in a report on Thursday, January 15th. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a research report on Friday, October 24th. Morgan Stanley set a $24.00 target price on shares of Simply Good Foods in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price target on shares of Simply Good Foods in a research note on Monday, December 15th. Finally, Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, December 26th.

Insider Activity

In other news, CFO Christopher J. Bealer purchased 9,946 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $20.01 per share, with a total value of $199,019.46. Following the transaction, the chief financial officer directly owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. This represents a 43.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Timothy Allen Matthews sold 5,859 shares of Simply Good Foods stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the completion of the sale, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at approximately $351,725.55. This trade represents a 24.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.76% of the company’s stock.

Institutional Trading of Simply Good Foods

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Simply Good Foods in the third quarter valued at $36,000. CWM LLC raised its stake in shares of Simply Good Foods by 343.0% during the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,017 shares during the period. State of Wyoming purchased a new stake in Simply Good Foods during the 2nd quarter worth about $87,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Simply Good Foods during the 2nd quarter worth about $109,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $21.01 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of 23.34, a PEG ratio of 2.72 and a beta of 0.27. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $19.75 and its 200-day moving average price is $24.50. Simply Good Foods has a twelve month low of $18.45 and a twelve month high of $40.01.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. During the same period last year, the company posted $0.49 earnings per share. Simply Good Foods’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Simply Good Foods will post 1.78 EPS for the current year.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.