The Simply Good Foods (NASDAQ: SMPL) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2021 – The Simply Good Foods was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “The Simply Good Foods Company product portfolio consists primarily of nutrition bars, ready-to-drink shakes, snacks and confectionery products marketed under the Atkins(R), SimplyProtein(R), Atkins Endulge(R) and Atkins Harvest Trail brand names. The Simply Good Foods Company is based in Denver, United States. “
  • 1/7/2021 – The Simply Good Foods had its price target raised by analysts at Wells Fargo & Company from $30.00 to $35.00. They now have an “overweight” rating on the stock.
  • 1/7/2021 – The Simply Good Foods was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $30.00 price target on the stock, up previously from $26.00.
  • 1/7/2021 – The Simply Good Foods had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $27.00 to $34.00. They now have a “buy” rating on the stock.
  • 1/7/2021 – The Simply Good Foods is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $36.00 price target on the stock.
  • 1/7/2021 – The Simply Good Foods had its price target raised by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $29.00 to $35.00.
  • 1/7/2021 – The Simply Good Foods had its price target raised by analysts at Smith Barney Citigroup from $29.00 to $35.00.
  • 12/24/2020 – The Simply Good Foods had its price target raised by analysts at The Goldman Sachs Group, Inc. from $29.00 to $34.00. They now have a “conviction-buy” rating on the stock.
  • 12/2/2020 – The Simply Good Foods had its price target raised by analysts at Morgan Stanley from $24.00 to $25.00. They now have an “overweight” rating on the stock.
  • 11/18/2020 – The Simply Good Foods had its price target raised by analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $26.00 to $29.00.
  • 11/18/2020 – The Simply Good Foods had its price target raised by analysts at Smith Barney Citigroup from $26.00 to $29.00.

NASDAQ SMPL traded down $0.01 on Wednesday, hitting $28.70. 638,304 shares of the stock were exchanged, compared to its average volume of 991,783. The company has a market capitalization of $2.75 billion, a PE ratio of 95.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.20 and a quick ratio of 2.24. The business’s fifty day moving average is $26.63 and its 200 day moving average is $23.54. The Simply Good Foods Company has a 52 week low of $14.08 and a 52 week high of $32.03.

The Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, January 5th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The company had revenue of $231.20 million for the quarter, compared to analysts’ expectations of $209.65 million. During the same period in the prior year, the firm earned $0.22 EPS. The Simply Good Foods’s quarterly revenue was up 51.9% compared to the same quarter last year. Analysts predict that The Simply Good Foods Company will post 0.81 EPS for the current fiscal year.

In related news, Director Robert G. Montgomery bought 2,000 shares of The Simply Good Foods stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $18.98 per share, with a total value of $37,960.00. Following the acquisition, the director now owns 54,766 shares of the company’s stock, valued at approximately $1,039,458.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of The Simply Good Foods in the 3rd quarter valued at $28,000. Huntington National Bank bought a new position in The Simply Good Foods in the fourth quarter valued at about $31,000. Nisa Investment Advisors LLC acquired a new position in The Simply Good Foods during the third quarter worth about $51,000. Advisor Group Holdings Inc. lifted its holdings in shares of The Simply Good Foods by 30.7% in the second quarter. Advisor Group Holdings Inc. now owns 3,768 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 884 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Simply Good Foods by 25.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,482 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 2,158 shares in the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.

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 primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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