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

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $41.17.

Several equities research analysts recently commented on SMPL shares. DA Davidson decreased their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, April 5th. Needham & Company LLC decreased their price objective on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus decreased their price objective on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $32.41 on Friday. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $34.00 and its 200 day simple moving average is $36.72. The firm has a market capitalization of $3.24 billion, a PE ratio of 23.32, a P/E/G ratio of 2.44 and a beta of 0.69.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $39.36, for a total value of $98,400.00. Following the transaction, the director now directly owns 52,738 shares in the company, valued at approximately $2,075,767.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Simply Good Foods by 0.5% during the 1st quarter. BlackRock Inc. now owns 12,961,325 shares of the financial services provider’s stock worth $491,882,000 after purchasing an additional 60,072 shares in the last quarter. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after purchasing an additional 259,144 shares during the last quarter. Capital World Investors lifted its stake in Simply Good Foods by 8.4% during the first quarter. Capital World Investors now owns 5,770,500 shares of the financial services provider’s stock worth $218,990,000 after purchasing an additional 446,000 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Simply Good Foods by 22.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,106,381 shares of the financial services provider’s stock worth $118,136,000 after purchasing an additional 559,980 shares during the last quarter. Finally, State Street Corp lifted its stake in Simply Good Foods by 3.2% in the second quarter. State Street Corp now owns 3,037,399 shares of the financial services provider’s stock valued at $111,138,000 after buying an additional 95,130 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

About Simply Good Foods

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.