Simply Good Foods (NASDAQ:SMPL) Given New $45.00 Price Target at Mizuho

Simply Good Foods (NASDAQ:SMPL) had its price target raised by Mizuho from $40.00 to $45.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

SMPL has been the topic of a number of other research reports. Stephens reduced their target price on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Citigroup dropped their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods Trading Up 1.8 %

NASDAQ SMPL opened at $39.88 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.75 and a current ratio of 4.05. Simply Good Foods has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The stock has a market cap of $4.00 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 3.46 and a beta of 0.67. The stock has a 50 day simple moving average of $35.96 and a two-hundred day simple moving average of $35.16.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, analysts forecast that Simply Good Foods will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,325 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $37.31, for a total transaction of $198,675.75. Following the completion of the sale, the chief accounting officer now directly owns 17,063 shares in the company, valued at approximately $636,620.53. This trade represents a 23.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Timothy Richard Kraft sold 76,761 shares of Simply Good Foods stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $37.60, for a total transaction of $2,886,213.60. Following the completion of the transaction, the insider now directly owns 40,068 shares of the company’s stock, valued at $1,506,556.80. This trade represents a 65.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,869 shares of company stock worth $12,139,570. 10.98% of the stock is owned by insiders.

Institutional Trading of Simply Good Foods

Several institutional investors have recently added to or reduced their stakes in SMPL. GAMMA Investing LLC lifted its holdings in shares of Simply Good Foods by 182.4% during the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 549 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Simply Good Foods by 671.9% during the 2nd quarter. SG Americas Securities LLC now owns 30,697 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 26,720 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Simply Good Foods in the second quarter worth approximately $224,000. Diversified Trust Co raised its holdings in shares of Simply Good Foods by 8.6% during the second quarter. Diversified Trust Co now owns 35,143 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 2,790 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in Simply Good Foods by 14.4% during the second quarter. NorthCrest Asset Manangement LLC now owns 9,307 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 1,172 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.