The Simply Good Foods Company (NASDAQ:SMPL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.14.

Several analysts have recently weighed in on SMPL shares. Needham & Company LLC lowered their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Stifel Nicolaus decreased their price objective on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. DA Davidson decreased their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, TD Cowen began coverage on shares of Simply Good Foods in a report on Monday. They set a “hold” rating and a $34.00 price objective on the stock.

Simply Good Foods Stock Up 0.8 %

Shares of NASDAQ:SMPL opened at $34.62 on Friday. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 2.54 and a beta of 0.69. The firm’s 50-day simple moving average is $33.84 and its 200-day simple moving average is $36.73. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. Simply Good Foods has a fifty-two week low of $30.00 and a fifty-two week high of $43.00.

Institutional Trading of Simply Good Foods

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of Simply Good Foods by 121.5% in the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Simply Good Foods by 103.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Simply Good Foods in the fourth quarter valued at approximately $36,000. TFO Wealth Partners LLC raised its position in shares of Simply Good Foods by 59,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,182 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its position in shares of 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 buying an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

About Simply Good Foods

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.