Brokerages Set The Simply Good Foods Company (NASDAQ:SMPL) Price Target at $30.22

The Simply Good Foods Company (NASDAQ:SMPL) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.2222.

A number of research firms have recently commented on SMPL. Jefferies Financial Group reduced their price objective on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, October 22nd. Zacks Research lowered shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Mizuho cut their price target on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $22.00 price objective on shares of Simply Good Foods in a research note on Monday, December 15th. Finally, UBS Group cut their target price on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, October 24th.

Insider Buying and Selling at Simply Good Foods

In other news, insider Michael L. Clawson bought 5,000 shares of Simply Good Foods stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the insider owned 37,620 shares of the company’s stock, valued at approximately $752,400. This trade represents a 15.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Bealer bought 9,946 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $20.01 per share, with a total value of $199,019.46. Following the transaction, the chief financial officer directly owned 32,966 shares in the company, valued at $659,649.66. This represents a 43.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 8.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SMPL. Yousif Capital Management LLC raised its position in Simply Good Foods by 1.0% in the 2nd quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider’s stock valued at $1,080,000 after purchasing an additional 341 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Simply Good Foods by 0.4% in the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock valued at $2,795,000 after buying an additional 383 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in Simply Good Foods by 6.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock worth $215,000 after buying an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Simply Good Foods by 9.8% during the 2nd quarter. Blue Trust Inc. now owns 6,050 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 542 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $19.98 on Monday. Simply Good Foods has a 12 month low of $18.45 and a 12 month high of $40.01. The company has a market capitalization of $1.90 billion, a P/E ratio of 19.59, a P/E/G ratio of 4.96 and a beta of 0.37. The stock has a 50 day moving average of $19.91 and a two-hundred day moving average of $26.04. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Simply Good Foods will post 1.78 EPS for the current year.

Simply Good Foods Company Profile

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.