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

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $29.6667.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $22.00 price objective on shares of Simply Good Foods in a research report on Monday, December 15th. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a research report on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Finally, Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research note on Friday, October 24th.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, insider Michael L. Clawson bought 5,000 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the insider directly owned 37,620 shares in the company, valued at $752,400. The trade was a 15.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.76% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

Several large investors have recently modified their holdings of SMPL. Y Intercept Hong Kong Ltd bought a new stake in shares of Simply Good Foods during the second quarter worth $612,000. Econ Financial Services Corp bought a new position in shares of Simply Good Foods in the second quarter valued at about $830,000. Thornburg Investment Management Inc. acquired a new position in Simply Good Foods during the 2nd quarter worth about $8,238,000. Savoir Faire Capital Management L.P. grew its holdings in Simply Good Foods by 96.8% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 145,956 shares of the financial services provider’s stock worth $3,623,000 after acquiring an additional 71,773 shares during the last quarter. Finally, Norges Bank acquired a new stake in Simply Good Foods in the 2nd quarter valued at about $36,419,000. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Down 5.0%

SMPL opened at $16.47 on Tuesday. The business has a 50 day moving average of $19.48 and a 200-day moving average of $23.12. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.26 and a beta of 0.25. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. Simply Good Foods has a 1-year low of $16.18 and a 1-year high of $38.79.

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

About Simply Good Foods

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.