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

The Simply Good Foods Company (NASDAQ:SMPL) has received an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $29.1111.

Several research firms have recently issued reports on SMPL. Mizuho set a $30.00 target price on shares of Simply Good Foods in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $22.00 price objective on shares of Simply Good Foods in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. Finally, Jefferies Financial Group upgraded Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price target for the company from $23.00 to $22.00 in a report on Monday, March 16th.

Simply Good Foods Stock Down 1.6%

NASDAQ:SMPL opened at $14.35 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The firm’s 50-day moving average price is $16.47 and its 200-day moving average price is $19.64. The company has a market capitalization of $1.33 billion, a PE ratio of 15.94 and a beta of 0.26. Simply Good Foods has a 1-year low of $13.71 and a 1-year high of $38.15.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company had revenue of $340.20 million during the quarter, compared to analysts’ expectations of $337.64 million. During the same period last year, the company posted $0.49 EPS. Simply Good Foods’s revenue was down .3% on a year-over-year basis. On average, equities analysts predict that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Institutional Trading of Simply Good Foods

A number of institutional investors and hedge funds have recently bought and sold shares of SMPL. River Road Asset Management LLC purchased a new position in Simply Good Foods in the fourth quarter worth about $31,857,000. Marshall Wace LLP purchased a new stake in shares of Simply Good Foods during the third quarter valued at approximately $31,825,000. Norges Bank bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $36,419,000. Millennium Management LLC increased its position in shares of Simply Good Foods by 482.7% during the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock valued at $30,932,000 after acquiring an additional 1,032,358 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in Simply Good Foods by 781.1% in the 3rd quarter. Voloridge Investment Management LLC now owns 902,397 shares of the financial services provider’s stock worth $22,397,000 after acquiring an additional 799,983 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

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.