Shares of Simply Good Foods Co (NASDAQ:SMPL) have earned a consensus rating of “Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $23.33.
SMPL has been the topic of a number of research reports. Buckingham Research increased their price objective on Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 5th. SunTrust Banks lowered Simply Good Foods from a “buy” rating to a “hold” rating and cut their price objective for the company from $25.00 to $23.00 in a report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of Simply Good Foods in the first quarter worth about $30,000. US Bancorp DE boosted its stake in shares of Simply Good Foods by 82.1% in the first quarter. US Bancorp DE now owns 1,845 shares of the financial services provider’s stock worth $38,000 after buying an additional 832 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of Simply Good Foods in the fourth quarter worth about $73,000. SEI Investments Co boosted its stake in shares of Simply Good Foods by 20.4% in the first quarter. SEI Investments Co now owns 3,895 shares of the financial services provider’s stock worth $81,000 after buying an additional 660 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its stake in shares of Simply Good Foods by 48.2% in the first quarter. C M Bidwell & Associates Ltd. now owns 3,995 shares of the financial services provider’s stock worth $82,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Shares of SMPL stock traded down $0.30 during mid-day trading on Thursday, reaching $21.97. The stock had a trading volume of 181,668 shares, compared to its average volume of 313,218. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.85 and a current ratio of 9.17. The firm has a market capitalization of $1.80 billion, a PE ratio of 37.88 and a beta of 0.73. Simply Good Foods has a 1-year low of $12.96 and a 1-year high of $23.29.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $123.80 million for the quarter, compared to analyst estimates of $121.91 million. Simply Good Foods had a return on equity of 6.34% and a net margin of 10.17%. Simply Good Foods’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Simply Good Foods will post 0.64 earnings per share for the current year.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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