The Simply Good Foods Company (NASDAQ:SMPL) Receives $29.11 Average Price Target from Analysts

The Simply Good Foods Company (NASDAQ:SMPL) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.3333.

A number of research analysts have recently commented on SMPL shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. Mizuho set a $30.00 target price on shares of Simply Good Foods in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. UBS Group dropped their price objective on shares of Simply Good Foods from $23.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Zacks Research cut Simply Good Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th.

Simply Good Foods Price Performance

SMPL stock opened at $14.16 on Wednesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.73 and a beta of 0.33. The company has a 50-day moving average of $16.07 and a two-hundred day moving average of $19.38. Simply Good Foods has a 52-week low of $13.62 and a 52-week high of $38.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business had revenue of $340.20 million during the quarter, compared to analysts’ expectations of $337.64 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The firm’s revenue was down .3% compared to the same quarter last year. As a group, equities research analysts anticipate that Simply Good Foods will post 1.78 EPS for the current year.

Institutional Trading of Simply Good Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMPL. California State Teachers Retirement System lifted its stake in Simply Good Foods by 0.4% during the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 383 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in Simply Good Foods by 6.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 538 shares during the period. AQR Capital Management LLC grew its stake in shares of Simply Good Foods by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 617 shares during the period. Finally, Cerity Partners LLC raised its holdings in shares of Simply Good Foods by 4.1% in the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock worth $361,000 after buying an additional 701 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

About Simply Good Foods

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.