The Simply Good Foods Company (NASDAQ:SMPL) Receives $40.22 Consensus PT from Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $39.56.

Several equities analysts have issued reports on the stock. Mizuho lowered their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley initiated coverage on shares of Simply Good Foods in a report on Monday, March 24th. They issued an “equal weight” rating and a $36.00 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SMPL. R Squared Ltd bought a new position in Simply Good Foods in the 4th quarter worth $26,000. CIBC Private Wealth Group LLC raised its stake in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 445 shares during the period. Quarry LP lifted its holdings in Simply Good Foods by 64.7% during the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 533 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,229 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Up 1.0 %

NASDAQ:SMPL opened at $34.40 on Friday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $36.33 and its 200-day moving average price is $36.22. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts forecast that Simply Good Foods will post 1.78 earnings per share for the current fiscal 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.