Simply Good Foods (NASDAQ:SMPL) Earns Hold Rating from Analysts at TD Cowen

TD Cowen started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $34.00 price target on the financial services provider’s stock.

SMPL has been the subject of several other research reports. DA Davidson reduced their target price on shares of Simply Good Foods from $39.00 to $34.00 and set a neutral rating for the company in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a hold rating and set a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Stifel Nicolaus cut their price target on Simply Good Foods from $48.00 to $38.00 and set a buy rating for the company in a research note on Thursday, March 28th. Morgan Stanley reiterated an overweight rating and set a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Finally, Mizuho reiterated a buy rating and issued a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $40.14.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $34.34 on Monday. The business has a 50 day simple moving average of $33.87 and a 200 day simple moving average of $36.75. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. Simply Good Foods has a 52-week low of $30.00 and a 52-week high of $43.00. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.43 and a beta of 0.69.

Institutional Investors Weigh In On Simply Good Foods

Institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after buying an additional 433 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Simply Good Foods during the 4th quarter worth approximately $36,000. TFO Wealth Partners LLC raised its stake in shares of Simply Good Foods by 59,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,182 shares during the period. Finally, Ronald Blue Trust Inc. lifted its stake in Simply Good Foods by 713.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,554 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 1,363 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

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.