Simply Good Foods (NASDAQ:SMPL) Sets New 12-Month Low – Should You Sell?

The Simply Good Foods Company (NASDAQ:SMPL) hit a new 52-week low during trading on Thursday . The company traded as low as $14.25 and last traded at $14.5470, with a volume of 187514 shares traded. The stock had previously closed at $14.35.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SMPL shares. Mizuho set a $30.00 target price on shares of Simply Good Foods in a report on Thursday, January 15th. UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Zacks Research cut shares of Simply Good Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.11.

Simply Good Foods Trading Up 2.0%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.97 and a beta of 0.26. The company has a 50 day moving average price of $17.67 and a two-hundred day moving average price of $20.57.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, research analysts forecast that The Simply Good Foods Company 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 modified their holdings of SMPL. EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 538 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after buying an additional 807 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Simply Good Foods during the 3rd quarter worth approximately $36,000. Parallel Advisors LLC raised its holdings in shares of Simply Good Foods by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,331 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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.