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

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 company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.78.

Several equities analysts recently issued reports on SMPL shares. Citigroup lowered their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Stephens reduced their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director Joseph Scalzo sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at $5,009,951.96. This represents a 15.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $37.60, for a total value of $2,886,213.60. Following the transaction, the insider now directly owns 40,068 shares in the company, valued at approximately $1,506,556.80. The trade was a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,869 shares of company stock valued at $12,139,570. Insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its stake in Simply Good Foods by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after buying an additional 348 shares in the last quarter. Fulton Bank N.A. grew its position in shares of Simply Good Foods by 4.9% during the third quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 443 shares in the last quarter. Stifel Financial Corp raised its stake in Simply Good Foods by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 498 shares during the period. Cynosure Group LLC lifted its holdings in Simply Good Foods by 4.9% in the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 0.3 %

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

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

Simply Good Foods Company Profile

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.