The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.45.
Several equities analysts have commented on the company. UBS Group set a $15.00 price objective on Simply Good Foods in a research report on Friday, July 10th. Truist Financial set a $11.00 target price on shares of Simply Good Foods in a report on Wednesday, August 26th. DA Davidson reduced their target price on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group set a $15.00 target price on shares of Simply Good Foods in a research report on Wednesday, August 26th. Finally, Weiss Ratings lowered shares of Simply Good Foods from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, October 12th.
Get Our Latest Analysis on Simply Good Foods
Institutional Investors Weigh In On Simply Good Foods
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Simply Good Foods during the 2nd quarter valued at approximately $180,913,000. Boston Trust Walden Corp raised its stake in Simply Good Foods by 10.0% during the first quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider’s stock valued at $52,169,000 after buying an additional 330,330 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Simply Good Foods by 179.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,472,753 shares of the financial services provider’s stock valued at $21,134,000 after buying an additional 946,216 shares during the last quarter. Oaktree Capital Management LP bought a new stake in Simply Good Foods in the first quarter worth $16,200,000. Finally, Bank of America Corp DE boosted its holdings in Simply Good Foods by 23.6% in the first quarter. Bank of America Corp DE now owns 1,040,097 shares of the financial services provider’s stock worth $14,925,000 after acquiring an additional 198,294 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.
Simply Good Foods Trading Down 0.1%
NASDAQ SMPL opened at $10.99 on Friday. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28. Simply Good Foods has a twelve month low of $9.38 and a twelve month high of $25.66. The firm has a market capitalization of $972.18 million, a PE ratio of -5.06 and a beta of 0.19. The stock’s 50 day moving average is $10.50 and its 200 day moving average is $11.53.
Simply Good Foods Company Profile
The Simply Good Foods Company (NASDAQ:SMPL) is a consumer packaged food company focused on nutritious and convenient foods and beverages. Its portfolio is built around products that support lower-sugar, higher-protein, and other health-conscious eating preferences.
The company’s principal brands include Atkins, which offers nutrition products such as bars, shakes, snacks, frozen foods, and other items associated with low-carbohydrate lifestyles, and Quest, which markets protein bars, cookies, chips, pizza, shakes, and other high-protein snacks.
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