Simply Good Foods Co (NASDAQ:SMPL) has earned an average rating of “Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.75.
SMPL has been the topic of a number of analyst reports. Zacks Investment Research downgraded Simply Good Foods from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Buckingham Research assumed coverage on Simply Good Foods in a research note on Wednesday, October 17th. They set a “buy” rating and a $22.00 target price for the company. CL King assumed coverage on Simply Good Foods in a research note on Monday, November 19th. They set a “buy” rating for the company. Finally, Stifel Nicolaus upped their target price on Simply Good Foods from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 4th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Simply Good Foods by 24.4% during the second quarter. Bank of America Corp DE now owns 16,619 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 3,260 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Simply Good Foods by 4.0% in the 3rd quarter. Teachers Advisors LLC now owns 118,414 shares of the financial services provider’s stock valued at $2,303,000 after acquiring an additional 4,572 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Simply Good Foods by 102.7% in the 3rd quarter. Bank of Montreal Can now owns 17,491 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 8,861 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Simply Good Foods in the 3rd quarter valued at $173,000. Finally, Legal & General Group Plc lifted its stake in shares of Simply Good Foods by 979.2% in the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 8,989 shares during the last quarter. Hedge funds and other institutional investors own 83.31% of the company’s stock.
Shares of NASDAQ SMPL opened at $19.40 on Friday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 33.45 and a beta of 0.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 8.00 and a current ratio of 9.17. Simply Good Foods has a twelve month low of $12.14 and a twelve month high of $21.03.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, January 3rd. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $122.38 million. Simply Good Foods had a return on equity of 6.99% and a net margin of 16.94%. Simply Good Foods’s revenue was up 13.5% compared to the same quarter last year. On average, analysts anticipate that Simply Good Foods will post 0.62 earnings per share for the current fiscal year.
Simply Good Foods Company Profile
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.
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