The Simply Good Foods Company (NASDAQ:SMPL) Receives $21.64 Consensus PT from Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.6364.

Several analysts recently weighed in on SMPL shares. Morgan Stanley decreased their price target on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Stephens restated an “equal weight” rating and set a $14.00 price target (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Jefferies Financial Group upgraded Simply Good Foods from a “hold” rating to a “buy” rating and decreased their price target for the company from $23.00 to $22.00 in a report on Monday, March 16th. Finally, TD Cowen decreased their price target on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th.

Insider Buying and Selling at Simply Good Foods

In related news, Director Clayton C. Daley, Jr. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the acquisition, the director owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This represents a 9.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James M. Kilts purchased 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average price of $12.39 per share, for a total transaction of $991,200.00. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 8.76% of the company’s stock.

Institutional Trading of Simply Good Foods

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Simply Good Foods by 125.4% in the second 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 period. Leonteq Securities AG increased its stake in 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 purchasing an additional 1,132 shares during the period. Hantz Financial Services Inc. increased its stake in 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 purchasing an additional 807 shares during the period. Johnson Financial Group Inc. purchased a new stake in Simply Good Foods in the third quarter worth $36,000. Finally, Parallel Advisors LLC increased its stake in Simply Good Foods by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,331 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $11.86 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06. The company has a market capitalization of $1.07 billion, a P/E ratio of -9.97 and a beta of 0.21. Simply Good Foods has a one year low of $10.21 and a one year high of $35.15. The stock has a 50 day moving average price of $12.95 and a 200-day moving average price of $16.69.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 EPS. As a group, equities analysts predict that Simply Good Foods will post 1.54 EPS 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.