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

The Simply Good Foods Company (NASDAQ:SMPL) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $40.22.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMPL. R Squared Ltd bought a new position in shares of Simply Good Foods during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in shares of Simply Good Foods by 72.4% during the 4th 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 during the period. Quarry LP boosted its stake in shares of Simply Good Foods by 64.7% during the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 acquiring an additional 1,229 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 1,201 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Trading Up 0.3 %

NASDAQ SMPL opened at $37.88 on Tuesday. The firm has a market cap of $3.83 billion, a P/E ratio of 26.87, a P/E/G ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The stock’s 50-day moving average is $37.19 and its 200-day moving average is $35.95. Simply Good Foods has a one year low of $30.00 and a one year high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $347.32 million. During the same quarter last year, the firm earned $0.43 EPS. Simply Good Foods’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

About Simply Good Foods

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.