Analysts Set The Simply Good Foods Company (NASDAQ:SMPL) PT at $40.22

The Simply Good Foods Company (NASDAQ:SMPL) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $40.22.

Several analysts have issued reports on the stock. Stephens decreased their price objective on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Citigroup lowered their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Insider Activity at Simply Good Foods

In other news, Director Joseph Scalzo sold 147,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $36.86, for a total value of $5,425,792.00. Following the completion of the sale, the director now owns 141,439 shares in the company, valued at approximately $5,213,441.54. The trade was a 51.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Timothy Allen Matthews sold 5,325 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now owns 17,063 shares in the company, valued at approximately $636,620.53. This represents a 23.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,869 shares of company stock worth $12,139,570 over the last three months. 9.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Simply Good Foods

A number of hedge funds have recently made changes to their positions in SMPL. FMR LLC raised its holdings in Simply Good Foods by 20.0% in the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after purchasing an additional 855,070 shares in the last quarter. Champlain Investment Partners LLC grew its position in shares of Simply Good Foods by 4.0% in the 3rd quarter. Champlain Investment Partners LLC now owns 4,063,878 shares of the financial services provider’s stock worth $141,301,000 after buying an additional 155,894 shares during the last quarter. State Street Corp raised its stake in shares of Simply Good Foods by 6.0% during the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock worth $127,473,000 after acquiring an additional 208,070 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Simply Good Foods by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock valued at $116,468,000 after acquiring an additional 203,914 shares during the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in Simply Good Foods in the third quarter valued at approximately $80,270,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock opened at $34.36 on Monday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. The stock has a 50 day moving average price of $38.26 and a 200-day moving average price of $35.41. Simply Good Foods has a one year low of $30.00 and a one year high of $42.37.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. Equities analysts expect that Simply Good Foods will post 1.77 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.