Analysts Set The Simply Good Foods Company (NASDAQ:SMPL) Target Price at $40.22

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.56.

SMPL has been the topic of a number of research analyst reports. Morgan Stanley assumed coverage on Simply Good Foods in a report on Monday. They issued an “equal weight” rating and a $36.00 price target on the stock. Mizuho lowered their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th.

Hedge Funds Weigh In On Simply Good Foods

Several institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of Simply Good Foods by 13.0% in the 4th quarter. California State Teachers Retirement System now owns 101,388 shares of the financial services provider’s stock worth $3,952,000 after buying an additional 11,678 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Simply Good Foods during the fourth quarter worth approximately $206,000. PharVision Advisers LLC purchased a new stake in Simply Good Foods during the fourth quarter valued at approximately $208,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Simply Good Foods by 17.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 202,533 shares of the financial services provider’s stock valued at $7,895,000 after purchasing an additional 30,434 shares during the last quarter. Finally, iSAM Funds UK Ltd boosted its holdings in shares of Simply Good Foods by 36.6% in the 4th quarter. iSAM Funds UK Ltd now owns 10,042 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL opened at $33.40 on Friday. The stock has a market cap of $3.37 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $40.53. The firm has a fifty day moving average price of $36.31 and a 200-day moving average price of $36.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

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