The Simply Good Foods Company [SMPL] gain 0.28% so far this year. What now?

The Simply Good Foods Company [NASDAQ: SMPL] gained 10.89% on the last trading session, reaching $28.62 price per share at the time. The company report on December 22, 2020 that Kinsale Capital Group Set to Join S&P MidCap 400; The Simply Good Foods Company to Join S&P SmallCap 600.

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S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Tuesday, December 29:.

S&P SmallCap 600 constituent Kinsale Capital Group Inc. (NASD: KNSL) will replace Taubman Centers Inc. (NYSE: TCO) in the S&P MidCap 400 and The Simply Good Foods Company (NASD: SMPL) will replace Kinsale Capital Group (NASD: KNSL) in the S&P SmallCap 600. S&P 500 / 100 constituent Simon Property Group, Inc. (NYSE: SPG) is acquiring Taubman Centers in a deal expected to be completed soon pending final conditions.

The Simply Good Foods Company represents 95.45 million in outstanding shares, while the company has a total market value of $2.75 billion with the latest information. SMPL stock price has been found in the range of $27.85 to $29.49.

If compared to the average trading volume of 804.84K shares, SMPL reached a trading volume of 5194250 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Simply Good Foods Company [SMPL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SMPL shares is $27.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SMPL stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for The Simply Good Foods Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 22, 2020. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Buy. The new note on the price target was released on July 28, 2020, representing the official price target for The Simply Good Foods Company stock.

The Average True Range (ATR) for The Simply Good Foods Company is set at 1.06, with the Price to Sales ratio for SMPL stock in the period of the last 12 months amounting to 3.37. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for SMPL in the course of the last twelve months was 48.06 with Quick ratio for the last quarter at 2.80.

Trading performance analysis for SMPL stock

The Simply Good Foods Company [SMPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.28. With this latest performance, SMPL shares gained by 21.22% in over the last four-week period, additionally plugging by 52.56% over the last 6 months – not to mention a rise of 2.99% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SMPL stock in for the last two-week period is set at 83.04, with the RSI for the last a single of trading hit 89.89, and the three-weeks RSI is set at 77.03 for The Simply Good Foods Company [SMPL]. The present Moving Average for the last 50 days of trading for this stock 22.63, while it was recorded at 26.35 for the last single week of trading, and 20.79 for the last 200 days.

The Simply Good Foods Company [SMPL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Simply Good Foods Company [SMPL] shares currently have an operating margin of +13.98 and a Gross Margin at +37.85. The Simply Good Foods Company’s Net Margin is presently recorded at +4.25.

Return on Total Capital for SMPL is now 7.91, given the latest momentum, and Return on Invested Capital for the company is 2.41. Return on Equity for this stock inclined to 3.35, with Return on Assets sitting at 2.18. When it comes to the capital structure of this company, The Simply Good Foods Company [SMPL] has a Total Debt to Total Equity ratio set at 50.63. Additionally, SMPL Total Debt to Total Capital is recorded at 33.61, with Total Debt to Total Assets ending up at 30.76. Long-Term Debt to Equity for the company is recorded at 50.26, with the Long-Term Debt to Total Capital now at 33.36.

Reflecting on the efficiency of the workforce at the company, The Simply Good Foods Company [SMPL] managed to generate an average of $115,667 per employee. Receivables Turnover for the company is 12.19 with a Total Asset Turnover recorded at a value of 0.51.The Simply Good Foods Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.60.

The Simply Good Foods Company [SMPL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Simply Good Foods Company posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SMPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Simply Good Foods Company go to 6.00%.

An analysis of insider ownership at The Simply Good Foods Company [SMPL]

There are presently around $2,464 million, or 91.40% of SMPL stock, in the hands of institutional investors. The top three institutional holders of SMPL stocks are: VANGUARD GROUP INC with ownership of 7,693,261, which is approximately -3.998% of the company’s market cap and around 2.00% of the total institutional ownership; BLACKROCK INC., holding 7,080,712 shares of the stock with an approximate value of $202.65 million in SMPL stocks shares; and CAPITAL WORLD INVESTORS, currently with $141.7 million in SMPL stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in The Simply Good Foods Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 70 institutional holders increased their position in The Simply Good Foods Company [NASDAQ:SMPL] by around 9,274,365 shares. Additionally, 95 investors decreased positions by around 9,314,648 shares, while 26 investors held positions by with 67,518,721 shares. The mentioned changes placed institutional holdings at 86,107,734 shares, according to the latest SEC report filing. SMPL stock had 23 new institutional investments in for a total of 2,239,942 shares, while 31 institutional investors sold positions of 4,789,475 shares during the same period.

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