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

The Simply Good Foods Company (NASDAQ:SMPL) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.22.

SMPL has been the topic of a number of recent research reports. Mizuho upped their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, April 11th. DA Davidson upped their price target on Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. Finally, Morgan Stanley raised their price objective on 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.

Simply Good Foods Trading Up 2.2 %

NASDAQ SMPL opened at $37.31 on Wednesday. The firm has a market capitalization of $3.77 billion, a PE ratio of 26.46, a P/E/G ratio of 3.23 and a beta of 0.63. The stock’s 50 day moving average is $35.74 and its 200 day moving average is $36.39. Simply Good Foods has a twelve month low of $31.25 and a twelve month high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

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

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.75. This trade represents a 28.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Simply Good Foods during the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of Simply Good Foods by 72.4% in the fourth 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. Smartleaf Asset Management LLC increased its position in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 1,229 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,201 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

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.