The Simply Good Foods Company (NASDAQ:SMPL) Receives Average Recommendation of “Hold” from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $29.6667.

Several equities research analysts have issued reports on SMPL shares. Sanford C. Bernstein restated an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, December 26th. Stifel Nicolaus set a $32.00 target price on Simply Good Foods in a research note on Friday, October 24th. Mizuho set a $30.00 price target on shares of Simply Good Foods in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th.

Simply Good Foods Trading Up 0.8%

SMPL opened at $21.15 on Friday. The firm’s fifty day moving average is $19.66 and its two-hundred day moving average is $24.84. The firm has a market cap of $1.96 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.27. Simply Good Foods has a twelve month low of $18.45 and a twelve month high of $40.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $340.20 million during the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Equities research analysts anticipate that Simply Good Foods will post 1.78 EPS for the current year.

Insider Buying and Selling

In other news, CFO Christopher J. Bealer acquired 9,946 shares of Simply Good Foods stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $20.01 per share, with a total value of $199,019.46. Following the completion of the transaction, the chief financial officer directly owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. This represents a 43.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy Allen Matthews sold 5,859 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the transaction, the chief accounting officer owned 18,065 shares of the company’s stock, valued at approximately $351,725.55. The trade was a 24.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.76% of the company’s stock.

Hedge Funds Weigh In On Simply Good Foods

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Simply Good Foods by 9.0% in the first quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock valued at $2,448,000 after purchasing an additional 5,893 shares during the last quarter. AQR Capital Management LLC grew its position in Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 617 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Simply Good Foods by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 2,850 shares during the last quarter. Caxton Associates LLP bought a new stake in Simply Good Foods during the 1st quarter worth about $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Simply Good Foods by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock worth $7,734,000 after buying an additional 21,696 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

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.