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 been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.78.

SMPL has been the topic of a number of research reports. Stephens reduced their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup reduced their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

Insider Buying and Selling at Simply Good Foods

In other news, CAO Timothy Allen Matthews sold 5,325 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the transaction, the chief accounting officer now directly owns 17,063 shares of the company’s stock, valued at approximately $636,620.53. This trade represents a 23.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Scalzo sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $5,009,951.96. The trade was a 15.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,869 shares of company stock valued at $12,139,570 in the last quarter. 10.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Simply Good Foods

Large investors have recently modified their holdings of the business. Swiss National Bank raised its stake in Simply Good Foods by 0.4% in the first quarter. Swiss National Bank now owns 187,100 shares of the financial services provider’s stock worth $6,367,000 after buying an additional 700 shares in the last quarter. ProShare Advisors LLC boosted its position in Simply Good Foods by 6.2% during the first quarter. ProShare Advisors LLC now owns 19,512 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 1,132 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Simply Good Foods in the first quarter valued at about $3,389,000. Vanguard Group Inc. grew its stake in Simply Good Foods by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after purchasing an additional 174,157 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Simply Good Foods in the first quarter worth about $624,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $39.01 on Friday. The business’s 50-day moving average is $34.74 and its 200 day moving average is $35.02. Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00. The company has a market capitalization 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. The company has a current ratio of 4.05, a quick ratio of 2.75 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm had revenue of $375.70 million during the quarter, compared to the consensus estimate of $373.07 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Simply Good Foods will post 1.76 earnings per share for the current fiscal year.

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.