Simply Good Foods (NASDAQ:SMPL) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $41.00 target price on the financial services provider’s stock.

Other research analysts also recently issued reports about the stock. Morgan Stanley increased their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. DA Davidson increased their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, April 11th. Finally, Mizuho boosted their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Simply Good Foods Stock Performance

SMPL stock opened at $36.19 on Wednesday. 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 firm has a market cap of $3.66 billion, a PE ratio of 25.67, a P/E/G ratio of 3.23 and a beta of 0.63. The business has a 50 day moving average of $35.63 and a 200-day moving average of $36.43. Simply Good Foods has a 12-month low of $31.25 and a 12-month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, sell-side analysts expect that Simply Good Foods will post 1.78 earnings per share for the current year.

Insider Activity

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.75. The trade was a 28.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Simply Good Foods

A number of institutional investors and hedge funds have recently modified their holdings of SMPL. Tidal Investments LLC lifted its stake in Simply Good Foods by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 15,455 shares in the last quarter. Smartleaf Asset Management LLC raised 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 buying an additional 1,229 shares in the last quarter. Moody Aldrich Partners LLC boosted its stake in Simply Good Foods by 47.8% during the fourth quarter. Moody Aldrich Partners LLC now owns 141,410 shares of the financial services provider’s stock valued at $5,512,000 after buying an additional 45,738 shares during the period. Barclays PLC grew its position in Simply Good Foods by 396.7% during the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock worth $5,744,000 after buying an additional 131,939 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,201 shares during 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.