The Simply Good Foods Company (NASDAQ:SMPL) Given Average Rating of “Hold” by Brokerages

The Simply Good Foods Company (NASDAQ:SMPL) has been assigned an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $33.1111.

SMPL has been the topic of several research analyst reports. Sanford C. Bernstein set a $45.00 price objective on shares of Simply Good Foods and gave the company an “outperform” rating in a research report on Friday, July 11th. Jefferies Financial Group decreased their price target on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, October 22nd. Morgan Stanley set a $24.00 price target on Simply Good Foods in a research note on Monday, October 27th. Mizuho reduced their target price on Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, July 15th. Finally, Stifel Nicolaus set a $32.00 target price on shares of Simply Good Foods in a research report on Friday, October 24th.

Institutional Investors Weigh In On Simply Good Foods

Hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its position in Simply Good Foods by 1.0% in the second quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 341 shares in the last quarter. California State Teachers Retirement System boosted its position in Simply Good Foods by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after buying an additional 383 shares during the period. Xponance Inc. raised its stake in shares of Simply Good Foods by 5.8% during the first quarter. Xponance Inc. now owns 7,325 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 402 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Simply Good Foods by 3.1% in the first quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 484 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its holdings in Simply Good Foods by 6.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock worth $215,000 after buying an additional 510 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $20.10 on Friday. Simply Good Foods has a 12-month low of $18.47 and a 12-month high of $40.53. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 3.56 and a beta of 0.47. The stock’s 50 day moving average price is $24.61 and its two-hundred day moving average price is $30.01. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $369.07 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Simply Good Foods has set its FY 2026 guidance at EPS. On average, analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current year.

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.