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

by · The Cerbat Gem

Shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.78.

Several equities analysts recently issued reports on SMPL shares. Citigroup lowered their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd.

Read Our Latest Analysis on Simply Good Foods

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director Joseph Scalzo sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $35.99, for a total value of $899,750.00. Following the completion of the sale, the director now owns 139,204 shares in the company, valued at $5,009,951.96. This represents a 15.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares in the company, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,869 shares of company stock valued at $12,139,570. Insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its stake in Simply Good Foods by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after buying an additional 348 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Simply Good Foods by 4.9% during the third quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 443 shares in the last quarter. Stifel Financial Corp raised its stake in Simply Good Foods by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 498 shares during the period. Cynosure Group LLC lifted its holdings in Simply Good Foods by 4.9% in the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 0.3 %

NASDAQ SMPL opened at $39.01 on Friday. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $34.74 and its 200-day moving average price is $35.02. The stock has a market cap of $3.91 billion, a P/E ratio of 28.27, a P/E/G ratio of 3.46 and a beta of 0.64.

Simply Good Foods (NASDAQ:SMPL – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $375.70 million for the quarter, compared to the consensus estimate of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. As a group, equities analysts forecast that Simply Good Foods will post 1.76 EPS for the current fiscal year.

Simply Good Foods Company Profile

(Get Free Report

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.

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