The Simply Good Foods Company (NASDAQ:SMPL) Receives $40.29 Average PT from Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $39.86.

Several equities analysts have weighed in on SMPL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $41.00 price target on shares of Simply Good Foods in a report on Tuesday, April 30th. Stifel Nicolaus lifted their price objective on shares of Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. Mizuho reiterated a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. TD Cowen started coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price objective on the stock. Finally, DA Davidson lifted their price objective on shares of Simply Good Foods from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th.

Insider Buying and Selling at Simply Good Foods

In other news, Director James D. White sold 4,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total transaction of $152,680.00. Following the transaction, the director now owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.98% of the company’s stock.

Hedge Funds Weigh In On Simply Good Foods

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. increased 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 buying an additional 457 shares during the period. Parkside Financial Bank & Trust increased 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 buying an additional 433 shares during the period. Principal Securities Inc. acquired a new position in Simply Good Foods in the 4th quarter worth approximately $36,000. TFO Wealth Partners LLC increased 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 buying an additional 1,182 shares during the period. Finally, Blue Trust Inc. increased its holdings in Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

SMPL opened at $36.42 on Friday. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 2.25 and a beta of 0.65. The company’s 50 day moving average is $35.92 and its 200 day moving average is $36.88. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. The business had revenue of $312.20 million for the quarter, compared to the consensus estimate of $313.57 million. On average, equities research analysts predict that Simply Good Foods will post 1.7 EPS for the current year.

About Simply Good Foods

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.