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

The Simply Good Foods Company (NASDAQ:SMPL) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $40.29.

A number of research analysts recently commented on the company. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Stephens dropped their price target on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th.

Insider Buying and Selling

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the sale, the senior vice president now owns 19,319 shares in the company, valued at $665,346.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.98% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted 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 worth $377,711,000 after purchasing an additional 174,157 shares in the last quarter. Champlain Investment Partners LLC increased its position in shares of Simply Good Foods by 27.7% in the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock valued at $134,061,000 after buying an additional 854,550 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Simply Good Foods by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after purchasing an additional 203,914 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Simply Good Foods by 14.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,474,736 shares of the financial services provider’s stock worth $53,282,000 after purchasing an additional 184,539 shares during the period. Finally, Armistice Capital LLC bought a new position in shares of Simply Good Foods during the second quarter worth about $34,582,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock traded down $0.05 during trading hours on Wednesday, reaching $32.46. The company’s stock had a trading volume of 296,406 shares, compared to its average volume of 875,705. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19. Simply Good Foods has a one year low of $30.00 and a one year high of $43.00. The company’s 50 day simple moving average is $33.29 and its 200 day simple moving average is $34.75. The stock has a market cap of $3.25 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63.

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.