The Simply Good Foods Company (NASDAQ:SMPL) Given Consensus Recommendation of “Hold” by Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has received an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.2222.

A number of research firms have issued reports on SMPL. Mizuho cut their price target on Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Zacks Research lowered Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Jefferies Financial Group cut their target price on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, October 22nd. Morgan Stanley set a $24.00 price target on Simply Good Foods in a report on Monday, October 27th. Finally, UBS Group dropped their price objective on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th.

Simply Good Foods Stock Performance

SMPL opened at $19.64 on Monday. Simply Good Foods has a 1-year low of $18.45 and a 1-year high of $40.01. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 4.93 and a beta of 0.37. The company’s fifty day moving average price is $20.36 and its two-hundred day moving average price is $26.42. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The business had revenue of $369.04 million for the quarter, compared to analyst estimates of $369.07 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Insider Activity

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total value of $114,074.73. Following the completion of the sale, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at approximately $351,725.55. This represents a 24.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher J. Bealer acquired 9,946 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $20.01 per share, with a total value of $199,019.46. Following the purchase, the chief financial officer owned 32,966 shares in the company, valued at approximately $659,649.66. The trade was a 43.21% increase in their position. The SEC filing for this purchase provides additional information. 8.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Simply Good Foods

Several institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in shares of Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 538 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Simply Good Foods in the 3rd quarter valued at $36,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Simply Good Foods during the 1st quarter valued at $54,000. CWM LLC increased its position in shares of Simply Good Foods by 343.0% during the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,017 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 751 shares during the period. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.