Simply Good Foods Co (NASDAQ:SMPL) – Analysts at SunTrust Banks cut their FY2018 earnings estimates for shares of Simply Good Foods in a research report issued on Tuesday, April 10th. SunTrust Banks analyst W. Chappell now anticipates that the financial services provider will post earnings per share of $0.51 for the year, down from their prior estimate of $0.55. SunTrust Banks has a “Buy” rating and a $17.00 price target on the stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Simply Good Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. Stifel Nicolaus initiated coverage on Simply Good Foods in a research report on Monday, January 22nd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Deutsche Bank decreased their price objective on Simply Good Foods from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Simply Good Foods currently has an average rating of “Buy” and an average target price of $15.83.
Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Tuesday, April 10th. The financial services provider reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). The business had revenue of $109.35 million for the quarter, compared to the consensus estimate of $108.74 million. Simply Good Foods had a return on equity of 2.72% and a net margin of 9.60%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC boosted its position in Simply Good Foods by 29.4% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 24,592 shares of the financial services provider’s stock valued at $351,000 after buying an additional 5,582 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Simply Good Foods by 29.9% in the 4th quarter. Bank of New York Mellon Corp now owns 41,115 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 9,462 shares during the period. Monashee Investment Management LLC acquired a new position in shares of Simply Good Foods in the 4th quarter valued at $172,000. Cubist Systematic Strategies LLC acquired a new position in shares of Simply Good Foods in the 3rd quarter valued at $142,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Simply Good Foods in the 4th quarter valued at $186,000. Hedge funds and other institutional investors own 74.24% of the company’s stock.
In other news, Director Robert G. Montgomery acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $12.40 per share, for a total transaction of $62,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.62% of the stock is currently owned by company insiders.
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Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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