The Simply Good Foods Company (NASDAQ:SMPL) Receives $42.13 Consensus PT from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $42.13.

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd. Needham & Company LLC boosted their price objective on Simply Good Foods from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. Morgan Stanley reduced their target price on Simply Good Foods from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, March 20th. Finally, DA Davidson lowered their price target on Simply Good Foods from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th.

Insider Transactions at Simply Good Foods

In related news, Director Robert G. Montgomery sold 2,500 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the completion of the sale, the director now owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robert G. Montgomery sold 2,500 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the transaction, the director now owns 52,738 shares of the company’s stock, valued at approximately $2,075,767.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Stuart E. Jr. Heflin sold 1,048 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $40.45, for a total transaction of $42,391.60. Following the completion of the sale, the senior vice president now directly owns 21,084 shares of the company’s stock, valued at approximately $852,847.80. The disclosure for this sale can be found here. Insiders have sold a total of 69,326 shares of company stock worth $2,877,965 in the last ninety days. Insiders own 10.98% of the company’s stock.

Institutional Trading of Simply Good Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in SMPL. Belpointe Asset Management LLC grew its position in Simply Good Foods by 235.7% in the first quarter. Belpointe Asset Management LLC now owns 621 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 436 shares during the period. Point72 Middle East FZE purchased a new position in shares of Simply Good Foods during the 4th quarter worth $30,000. Pacer Advisors Inc. increased its position in shares of Simply Good Foods by 121.5% during the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 457 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after buying an additional 433 shares during the period. Finally, Principal Securities Inc. acquired a new position in Simply Good Foods in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $33.89 on Monday. The company has a quick ratio of 3.46, a current ratio of 5.02 and a debt-to-equity ratio of 0.17. Simply Good Foods has a 52 week low of $31.06 and a 52 week high of $43.00. The stock’s 50-day moving average price is $35.93 and its 200-day moving average price is $36.93. The stock has a market capitalization of $3.38 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 2.42 and a beta of 0.70.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, January 4th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $308.70 million for the quarter, compared to analyst estimates of $309.26 million. Simply Good Foods had a return on equity of 9.95% and a net margin of 10.66%. Simply Good Foods’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts expect that Simply Good Foods will post 1.7 EPS for the current fiscal year.

Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.