Analysts Set The Simply Good Foods Company (NASDAQ:SMPL) PT at $40.29

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.29.

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $41.00 target price on shares of Simply Good Foods in a report on Friday, June 28th. Mizuho restated a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a report on Friday, June 14th. Stifel Nicolaus upped their target price on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, TD Cowen initiated coverage on shares of Simply Good Foods in a research note on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective for the company.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $34.03 on Friday. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $36.24 and its 200 day simple moving average is $35.89. The firm has a market capitalization of $3.41 billion, a PE ratio of 23.47, a P/E/G ratio of 2.42 and a beta of 0.61.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, equities research analysts predict that Simply Good Foods will post 1.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James D. White sold 4,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the sale, the director now owns 17,027 shares of the company’s stock, valued at approximately $649,920.59. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.98% of the company’s stock.

Institutional Trading of Simply Good Foods

A number of institutional investors and hedge funds have recently bought and sold shares of SMPL. GAMMA Investing LLC boosted its holdings in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 549 shares during the period. Pacer Advisors Inc. boosted its holdings in Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 433 shares during the period. Principal Securities Inc. purchased a new position in Simply Good Foods in the 4th quarter worth approximately $36,000. Finally, TFO Wealth Partners LLC boosted its holdings in Simply Good Foods by 59,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,182 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

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.