Simply Good Foods (NASDAQ:SMPL) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research note released on Wednesday, MarketBeat reports. The brokerage issued a neutral rating and a $41.00 price objective on the financial services provider’s stock.

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

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $35.23 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. Simply Good Foods has a 52 week low of $31.25 and a 52 week high of $40.53. The firm has a fifty day moving average of $35.54 and a two-hundred day moving average of $36.46. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same period last year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts predict that Simply Good Foods will post 1.78 EPS for the current year.

Insider Buying and Selling at Simply Good Foods

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

Hedge Funds Weigh In On Simply Good Foods

Large investors have recently made changes to their positions in the company. Tidal Investments LLC grew its holdings 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 valued at $1,796,000 after buying an additional 15,455 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 valued at $66,000 after acquiring an additional 1,229 shares during the period. Moody Aldrich Partners LLC grew its stake in shares of Simply Good Foods by 47.8% in 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 acquiring an additional 45,738 shares in the last quarter. Barclays PLC increased 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 acquiring an additional 131,939 shares during the period. Finally, GAMMA Investing LLC raised 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 purchasing an additional 1,201 shares in 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.