Simply Good Foods (SMPL) Hits New 12-Month High at $19.86

Simply Good Foods Co (NASDAQ:SMPL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $19.86 and last traded at $19.48, with a volume of 32781 shares. The stock had previously closed at $19.43.

SMPL has been the subject of a number of research analyst reports. SunTrust Banks increased their target price on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Stifel Nicolaus increased their target price on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, July 11th. Finally, Buckingham Research initiated coverage on shares of Simply Good Foods in a research report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Simply Good Foods currently has an average rating of “Buy” and an average target price of $18.33.

The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 33.15 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.09 and a current ratio of 6.07.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $108.30 million for the quarter, compared to the consensus estimate of $111.25 million. Simply Good Foods had a net margin of 16.33% and a return on equity of 6.73%. Simply Good Foods’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Equities analysts forecast that Simply Good Foods Co will post 0.6 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in SMPL. Northern Trust Corp raised its holdings in shares of Simply Good Foods by 11.5% during the 1st quarter. Northern Trust Corp now owns 127,304 shares of the financial services provider’s stock valued at $1,748,000 after purchasing an additional 13,110 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Simply Good Foods by 149.0% during the 1st quarter. BlackRock Inc. now owns 1,020,185 shares of the financial services provider’s stock valued at $14,008,000 after purchasing an additional 610,482 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Simply Good Foods during the 1st quarter valued at $143,000. WINTON GROUP Ltd bought a new position in shares of Simply Good Foods during the 1st quarter valued at $162,000. Finally, Allianz Asset Management GmbH bought a new position in shares of Simply Good Foods during the 1st quarter valued at $300,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Simply Good Foods (NASDAQ:SMPL)

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

Featured Story: New Google Finance Tool and Screening Stocks

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.


Leave a Reply