The Simply Good Foods Company (NASDAQ:SMPL) Receives $29.67 Consensus PT from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.6667.

A number of research firms recently commented on SMPL. Morgan Stanley set a $24.00 price target on Simply Good Foods in a research report on Monday, October 27th. Zacks Research upgraded Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Stifel Nicolaus set a $32.00 price target on Simply Good Foods in a research note on Friday, October 24th. UBS Group reaffirmed a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 538 shares during the period. Hantz Financial Services Inc. lifted its holdings in Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 807 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Simply Good Foods in the 3rd quarter valued at $36,000. Parallel Advisors LLC boosted its stake in Simply Good Foods by 167.4% in the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,331 shares during the period. Finally, Empowered Funds LLC acquired a new position in Simply Good Foods in the 4th quarter valued at $59,000. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

Shares of SMPL opened at $15.95 on Tuesday. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $19.21 and its 200 day simple moving average is $22.58. Simply Good Foods has a 1-year low of $15.85 and a 1-year high of $38.79. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.08 and a beta of 0.25.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, research analysts forecast that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

About Simply Good Foods

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.