Simply Good Foods (NASDAQ:SMPL) Sets New 1-Year Low – Time to Sell?

The Simply Good Foods Company (NASDAQ:SMPL)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $15.20 and last traded at $15.49, with a volume of 2035386 shares. The stock had previously closed at $15.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SMPL shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $22.00 price objective on shares of Simply Good Foods in a research note on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Zacks Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, UBS Group restated a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $29.67.

Simply Good Foods Price Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.02 and a beta of 0.26. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average price is $18.24 and its 200-day moving average price is $21.11.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $340.20 million for the quarter, compared to analysts’ expectations of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Simply Good Foods

A number of hedge funds have recently modified their holdings of SMPL. EverSource Wealth Advisors LLC raised its holdings in 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 valued at $31,000 after buying an additional 538 shares during the period. Johnson Financial Group Inc. purchased a new position in Simply Good Foods during the third quarter worth about $36,000. Hantz Financial Services Inc. increased its position in shares of Simply Good Foods by 82.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 807 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Simply Good Foods by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,331 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Simply Good Foods by 343.0% in the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,017 shares during the period. 88.45% of the stock is currently 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.