The Simply Good Foods Company (NASDAQ:SMPL) Given Consensus Recommendation of “Hold” by Brokerages

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $29.6667.

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Mizuho set a $30.00 price objective on shares of Simply Good Foods in a research report on Thursday. Jefferies Financial Group reduced their price objective on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 target price on shares of Simply Good Foods in a research report on Monday, December 15th.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $21.15 on Friday. The firm has a market cap of $1.96 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.73 and a beta of 0.27. Simply Good Foods has a 12 month low of $18.45 and a 12 month high of $40.01. The company’s 50-day moving average price is $19.66 and its two-hundred day moving average price is $24.84. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The firm had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities analysts anticipate that Simply Good Foods will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, CFO Christopher J. Bealer purchased 9,946 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was acquired at an average cost of $20.01 per share, with a total value of $199,019.46. Following the completion of the purchase, the chief financial officer directly owned 32,966 shares in the company, valued at approximately $659,649.66. This represents a 43.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Timothy Allen Matthews sold 5,859 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total transaction of $114,074.73. Following the completion of the transaction, the chief accounting officer directly owned 18,065 shares in the company, valued at approximately $351,725.55. The trade was a 24.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.76% of the company’s stock.

Institutional Trading of Simply Good Foods

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 538 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Simply Good Foods in the third quarter valued at about $36,000. CWM LLC boosted its holdings in Simply Good Foods by 343.0% during the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock worth $65,000 after buying an additional 2,017 shares during the last quarter. State of Wyoming bought a new position in Simply Good Foods during the second quarter worth about $87,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Simply Good Foods during the 2nd quarter worth about $109,000. Institutional investors own 88.45% of the company’s stock.

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.