The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report)’s stock price was up 9.2% during trading on Monday . The company traded as high as $10.97 and last traded at $11.1130. 357,376 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 2,570,548 shares. The stock had previously closed at $10.18.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. BTIG Research began coverage on Simply Good Foods in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. TD Cowen reaffirmed a “hold” rating on shares of Simply Good Foods in a report on Friday, July 10th. Stifel Nicolaus dropped 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. Finally, Stephens reissued an “equal weight” rating and issued a $14.00 price target (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.20.
Get Our Latest Stock Report on Simply Good Foods
Simply Good Foods Price Performance
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last released its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The firm had revenue of $356.98 million for the quarter, compared to the consensus estimate of $332.99 million. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, research analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current year.
Insider Buying and Selling at Simply Good Foods
In related news, Director Clayton C. Daley, Jr. bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. The trade was a 9.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.76% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in 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 acquiring an additional 383 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 worth $31,000 after purchasing an additional 538 shares during the period. AQR Capital Management LLC raised its holdings in shares of 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 worth $656,000 after purchasing an additional 617 shares during the period. Cerity Partners LLC grew its holdings in shares of Simply Good Foods by 4.1% during the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 701 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Simply Good Foods by 3.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 750 shares in the last quarter. 88.45% of the stock is 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.
Read More
- Five stocks we like better than Simply Good Foods
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
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.
