Shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report) have earned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.80.
Several research analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, April 10th. DA Davidson reiterated a “neutral” rating and set a $39.00 price target on shares of Simply Good Foods in a research report on Friday, April 10th. Jefferies Financial Group upgraded Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Monday, March 16th. Morgan Stanley reduced their price target on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Finally, Mizuho set a $19.00 price target on Simply Good Foods in a research report on Monday, May 4th.
Get Our Latest Stock Report on Simply Good Foods
Simply Good Foods Stock Performance
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last announced its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. The firm had revenue of $326.01 million during the quarter, compared to analysts’ expectations of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Equities analysts predict that Simply Good Foods will post 1.54 EPS for the current year.
Insider Activity at Simply Good Foods
In related news, Director Clayton C. Daley, Jr. purchased 10,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the completion of the transaction, the director owned 111,743 shares in the company, valued at $1,316,332.54. The trade was a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James M. Kilts purchased 80,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, April 23rd. The shares were bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the completion of the transaction, the director owned 172,854 shares of the company’s stock, valued at $2,141,661.06. This represents a 86.16% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.76% of the stock is currently owned by company insiders.
Institutional Trading of Simply Good Foods
A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in Simply Good Foods by 0.4% in the 2nd 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 538 shares in the last quarter. AQR Capital Management LLC grew its holdings in 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 buying an additional 617 shares in the last quarter. Cerity Partners LLC grew its holdings in 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 valued at $361,000 after buying an additional 701 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Simply Good Foods by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock valued at $730,000 after buying an additional 750 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.
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.
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