The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of “Moderate Buy” by Brokerages

The Simply Good Foods Company (NASDAQ:SMPL) has received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $41.17.

A number of research analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus cut their price target on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Mizuho reiterated a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. DA Davidson cut their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, April 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th.

Simply Good Foods Trading Down 1.0 %

Shares of Simply Good Foods stock opened at $32.41 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. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $43.00. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 2.44 and a beta of 0.69. The firm’s 50 day simple moving average is $34.00 and its two-hundred day simple moving average is $36.72.

Insider Transactions at Simply Good Foods

In related news, Director Robert G. Montgomery sold 2,500 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the sale, the director now directly owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.98% of the company’s stock.

Institutional Trading of Simply Good Foods

A number of hedge funds have recently added to or reduced their stakes in SMPL. Advisor Group Holdings Inc. boosted its holdings in Simply Good Foods by 7.2% during the first quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock worth $229,000 after buying an additional 407 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Simply Good Foods by 1.6% during the first quarter. JPMorgan Chase & Co. now owns 129,928 shares of the financial services provider’s stock valued at $4,930,000 after purchasing an additional 2,098 shares in the last quarter. Raymond James & Associates lifted its holdings in Simply Good Foods by 2.7% during the first quarter. Raymond James & Associates now owns 45,543 shares of the financial services provider’s stock valued at $1,728,000 after purchasing an additional 1,205 shares in the last quarter. Citigroup Inc. lifted its holdings in Simply Good Foods by 11.4% during the first quarter. Citigroup Inc. now owns 74,216 shares of the financial services provider’s stock valued at $2,817,000 after purchasing an additional 7,583 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Simply Good Foods by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 296 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

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.