Simply Good Foods (NASDAQ:SMPL) Now Covered by Analysts at TD Cowen

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

A number of other analysts also recently issued reports on the stock. Morgan Stanley restated an overweight rating and set a $42.00 price objective on shares of Simply Good Foods in a report on Thursday, April 11th. Mizuho restated a buy rating and set a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. DA Davidson dropped their price objective on Simply Good Foods from $39.00 to $34.00 and set a neutral rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus reduced their price objective on Simply Good Foods from $48.00 to $38.00 and set a buy rating for the company in a report on Thursday, March 28th. Finally, Needham & Company LLC lowered their target price on Simply Good Foods from $45.00 to $41.00 and set a buy rating on the stock in a research note on Friday, April 5th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Simply Good Foods has a consensus rating of Moderate Buy and an average target price of $40.14.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $34.62 on Monday. The company has a market capitalization of $3.46 billion, a PE ratio of 24.91, a PEG ratio of 2.50 and a beta of 0.69. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $33.84 and its 200-day moving average price is $36.73. Simply Good Foods has a twelve month low of $30.00 and a twelve month high of $43.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SMPL. Blue Trust Inc. grew its stake in Simply Good Foods by 18.8% during the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Simply Good Foods by 1.7% during the 4th quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 326 shares in the last quarter. Ziegler Capital Management LLC increased its holdings in shares of Simply Good Foods by 4.0% in the third quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 341 shares during the period. Arizona State Retirement System increased its holdings in shares of Simply Good Foods by 1.4% in the third quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock worth $930,000 after purchasing an additional 373 shares during the period. Finally, Alliance Wealth Advisors LLC UT raised its position in shares of Simply Good Foods by 3.6% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock worth $444,000 after buying an additional 394 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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.