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

The Simply Good Foods Company (NASDAQ:SMPL) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.8182.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. Morgan Stanley cut their price objective on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price objective for the company from $23.00 to $22.00 in a report on Monday, March 16th. Mizuho set a $19.00 target price on shares of Simply Good Foods in a research report on Monday, May 4th. Finally, Stephens reaffirmed an “equal weight” rating and set a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a research note on Friday, April 10th.

Insider Activity at Simply Good Foods

In related news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $11.78 per share, with a total value of $117,800.00. Following the transaction, the director owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James M. Kilts bought 80,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the acquisition, the director directly owned 172,854 shares in the company, valued at $2,141,661.06. The trade was a 86.16% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 8.76% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

A number of institutional investors have recently modified their holdings of SMPL. Vanguard Group Inc. increased its stake in Simply Good Foods by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock worth $213,479,000 after purchasing an additional 249,405 shares during the period. Dimensional Fund Advisors LP increased its holdings in Simply Good Foods by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock worth $106,443,000 after purchasing an additional 346,395 shares during the period. State Street Corp increased its holdings in Simply Good Foods by 0.4% during the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock worth $115,169,000 after purchasing an additional 14,089 shares during the period. Boston Trust Walden Corp raised its position in Simply Good Foods by 10.0% in the 1st quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider’s stock valued at $52,169,000 after purchasing an additional 330,330 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in Simply Good Foods by 28.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock valued at $42,663,000 after purchasing an additional 469,903 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

SMPL stock opened at $12.57 on Monday. Simply Good Foods has a one year low of $10.21 and a one year high of $34.19. The firm has a market cap of $1.14 billion, a PE ratio of -10.56 and a beta of 0.17. The firm’s 50 day moving average price is $12.25 and its 200-day moving average price is $15.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The company had revenue of $326.01 million during the quarter, compared to analyst estimates of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities research analysts anticipate that Simply Good Foods will post 1.54 EPS for the current year.

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.