Simply Good Foods Co (NASDAQ:SMPL) was the recipient of a large decrease in short interest during the month of September. As of September 28th, there was short interest totalling 3,071,619 shares, a decrease of 47.8% from the September 14th total of 5,889,086 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 961,207 shares, the short-interest ratio is currently 3.2 days.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Simply Good Foods during the second quarter worth approximately $124,000. Cubist Systematic Strategies LLC bought a new stake in Simply Good Foods during the first quarter worth approximately $143,000. Legal & General Group Plc boosted its holdings in Simply Good Foods by 979.2% during the second quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock worth $143,000 after buying an additional 8,989 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Simply Good Foods during the first quarter worth approximately $162,000. Finally, SG Americas Securities LLC bought a new stake in Simply Good Foods during the second quarter worth approximately $179,000. Institutional investors and hedge funds own 91.84% of the company’s stock.
Several research analysts have commented on SMPL shares. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 11th. Stifel Nicolaus upped their target price on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. SunTrust Banks upped their target price on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Finally, Consumer Edge started coverage on shares of Simply Good Foods in a report on Monday, July 2nd. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.60.
Simply Good Foods stock opened at $17.23 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.01 and a current ratio of 5.88. Simply Good Foods has a 12-month low of $11.01 and a 12-month high of $19.84.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Tuesday, July 10th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $107.20 million during the quarter, compared to analysts’ expectations of $102.24 million. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. Simply Good Foods’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Simply Good Foods will post 0.56 EPS for the current year.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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