Simply Good Foods (NASDAQ:SMPL) PT Raised to $37.00

Simply Good Foods (NASDAQ:SMPLFree Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from $36.00 to $37.00 in a research report released on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the financial services provider’s stock.

Several other research firms also recently weighed in on SMPL. Needham & Company LLC reaffirmed a buy rating and issued a $41.00 target price on shares of Simply Good Foods in a research report on Tuesday, April 30th. DA Davidson upped their target price on shares of Simply Good Foods from $34.00 to $35.00 and gave the stock a neutral rating in a research note on Tuesday, April 30th. TD Cowen initiated coverage on shares of Simply Good Foods in a report on Monday, April 22nd. They set a hold rating and a $34.00 target price on the stock. Stifel Nicolaus boosted their price target on shares of Simply Good Foods from $38.00 to $40.00 and gave the stock a buy rating in a research note on Friday. Finally, Morgan Stanley reiterated an overweight rating and issued a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $39.86.

Check Out Our Latest Analysis on Simply Good Foods

Simply Good Foods Stock Down 0.9 %

Shares of NASDAQ SMPL opened at $36.09 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of 25.96, a P/E/G ratio of 2.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The company has a 50 day simple moving average of $36.00 and a 200-day simple moving average of $36.83. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00.

Simply Good Foods (NASDAQ:SMPLGet Free Report) last released its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $312.20 million during the quarter, compared to analysts’ expectations of $313.57 million. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, equities research analysts predict that Simply Good Foods will post 1.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director James D. White sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the sale, the director now owns 17,027 shares of the company’s stock, valued at approximately $649,920.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Simply Good Foods by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock valued at $377,711,000 after acquiring an additional 174,157 shares in the last quarter. Champlain Investment Partners LLC grew its stake in Simply Good Foods by 27.7% during the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after buying an additional 854,550 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Simply Good Foods by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock valued at $114,535,000 after buying an additional 82,235 shares during the last quarter. FMR LLC boosted its holdings in shares of Simply Good Foods by 42.3% in the third quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock valued at $95,314,000 after acquiring an additional 820,801 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Simply Good Foods by 17.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider’s stock worth $76,457,000 after acquiring an additional 281,603 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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