Simply Good Foods (NASDAQ:SMPL) had its price objective increased by stock analysts at Jefferies Financial Group from $22.00 to $27.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 21.73% from the company’s current price.
SMPL has been the topic of several other reports. Citigroup upped their target price on shares of Simply Good Foods from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank cut their target price on shares of Simply Good Foods from $30.00 to $24.00 in a research note on Tuesday, April 7th. William Blair assumed coverage on shares of Simply Good Foods in a research note on Wednesday, June 24th. They set an “outperform” rating on the stock. DA Davidson increased their price objective on shares of Simply Good Foods from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $28.71.
Shares of SMPL stock opened at $22.18 on Thursday. The firm’s 50 day moving average price is $17.77 and its 200-day moving average price is $20.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.10 and a current ratio of 3.17. Simply Good Foods has a one year low of $14.08 and a one year high of $31.34. The firm has a market cap of $2.02 billion, a P/E ratio of 76.49 and a beta of 0.61.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, July 8th. The financial services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. Simply Good Foods had a net margin of 3.86% and a return on equity of 5.90%. The firm had revenue of $215.10 million for the quarter, compared to analyst estimates of $208.10 million. During the same period in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 54.2% compared to the same quarter last year. As a group, research analysts predict that Simply Good Foods will post 0.8 EPS for the current fiscal year.
In other Simply Good Foods news, Director James M. Kilts purchased 87,862 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $17.68 per share, for a total transaction of $1,553,400.16. Following the purchase, the director now directly owns 961,268 shares in the company, valued at $16,995,218.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. White purchased 2,780 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $18.77 per share, with a total value of $52,180.60. Insiders purchased a total of 138,149 shares of company stock worth $2,384,222 over the last ninety days. Insiders own 3.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its stake in shares of Simply Good Foods by 2,146.8% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,775 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,696 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Simply Good Foods in the 1st quarter worth $54,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Simply Good Foods by 89.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,272 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,071 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Simply Good Foods in the 4th quarter worth $159,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Simply Good Foods by 44.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,324 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 2,544 shares during the period. Institutional investors own 90.49% of the company’s stock.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
Featured Article: Net Margin – Understanding the Different Kinds of Profit
Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.