The Simply Good Foods Company (NASDAQ:SMPL) Receives $40.22 Average PT from Analysts

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.22.

SMPL has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho dropped their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $37.01 on Tuesday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $37.20 and its two-hundred day moving average is $35.87. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Research analysts expect that Simply Good Foods will post 1.78 EPS for the current year.

Institutional Trading of Simply Good Foods

Several institutional investors have recently added to or reduced their stakes in SMPL. R Squared Ltd acquired a new position in shares of Simply Good Foods during the fourth quarter valued at $26,000. CIBC Private Wealth Group LLC raised its position in Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Quarry LP raised its position in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,229 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,201 shares during the period. Institutional investors own 88.45% of the company’s stock.

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.