Analysts Set Simply Good Foods Co (SMPL) PT at $19.75

Simply Good Foods Co (NASDAQ:SMPL) has earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.75.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. Stifel Nicolaus raised their target price on Simply Good Foods from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, January 4th. CL King started coverage on Simply Good Foods in a research note on Monday, November 19th. They issued a “buy” rating for the company. Finally, Buckingham Research started coverage on shares of Simply Good Foods in a research report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price target on the stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Simply Good Foods in the 3rd quarter valued at about $173,000. Legal & General Group Plc lifted its position in shares of Simply Good Foods by 979.2% during the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock worth $143,000 after buying an additional 8,989 shares in the last quarter. Context Partners Fund L.P. bought a new position in shares of Simply Good Foods during the 3rd quarter worth approximately $198,000. SG Americas Securities LLC bought a new position in shares of Simply Good Foods during the 2nd quarter worth approximately $179,000. Finally, GSA Capital Partners LLP bought a new position in shares of Simply Good Foods during the 2nd quarter worth approximately $205,000. 83.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of Simply Good Foods stock opened at $19.85 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 9.17 and a quick ratio of 8.00. Simply Good Foods has a 1-year low of $12.14 and a 1-year high of $21.03. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 34.22 and a beta of 0.83.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, January 3rd. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Simply Good Foods had a return on equity of 6.99% and a net margin of 16.94%. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $122.38 million. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Simply Good Foods will post 0.62 earnings per share for the current year.

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.

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Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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