The Simply Good Foods Company (NASDAQ:SMPL) Receives $17.30 Average PT from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.20.

SMPL has been the subject of several research analyst reports. UBS Group set a $15.00 price objective on shares of Simply Good Foods in a research report on Friday, July 10th. BTIG Research began coverage on shares of Simply Good Foods in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Zacks Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $14.00 price objective on shares of Simply Good Foods in a research note on Friday, July 10th. Finally, TD Cowen reissued a “hold” rating on shares of Simply Good Foods in a report on Friday, July 10th.

Insider Activity

In other Simply Good Foods news, Director Clayton C. Daley, Jr. purchased 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the acquisition, the director owned 111,743 shares in the company, valued at $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James M. Kilts purchased 80,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were bought at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the completion of the transaction, the director directly owned 172,854 shares in the company, valued at $2,141,661.06. This trade represents a 86.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.76% of the stock is currently owned by insiders.

Institutional Trading of Simply Good Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares in the last quarter. Leonteq Securities AG raised its position in shares of Simply Good Foods by 96.2% in the first quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,132 shares during the period. Hantz Financial Services Inc. raised its position in shares of Simply Good Foods by 82.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 807 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Simply Good Foods during the 3rd quarter worth about $36,000. Finally, Parallel Advisors LLC grew its position in shares of Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,331 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Up 1.6%

Shares of SMPL stock opened at $12.07 on Friday. Simply Good Foods has a 1-year low of $10.21 and a 1-year high of $33.64. The stock’s fifty day moving average price is $12.25 and its 200 day moving average price is $14.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -5.56 and a beta of 0.13.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $356.98 million during the quarter, compared to analysts’ expectations of $332.99 million. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. On average, research analysts expect that Simply Good Foods will post 1.54 earnings per share for the current fiscal year.

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.