TD Cowen Begins Coverage on Simply Good Foods (NASDAQ:SMPL)

Equities researchers at TD Cowen assumed coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report issued on Monday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $34.00 price target on the financial services provider’s stock. TD Cowen’s target price would indicate a potential upside of 0.56% from the company’s current price.

A number of other equities analysts have also commented on SMPL. Stifel Nicolaus cut their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. DA Davidson cut 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. Finally, Mizuho reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus target price of $40.14.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $33.81 on Monday. The stock’s 50 day moving average is $33.87 and its 200 day moving average is $36.75. 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 firm has a market cap of $3.38 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.45 and a beta of 0.69. Simply Good Foods has a one year low of $30.00 and a one year high of $43.00.

Insider Transactions at Simply Good Foods

In other news, Director Robert G. Montgomery sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the transaction, the director now directly owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Simply Good Foods

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its holdings 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 worth $73,000 after buying an additional 292 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Simply Good Foods by 1.7% in 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 during the period. Ziegler Capital Management LLC grew its stake in Simply Good Foods by 4.0% in the 3rd quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 341 shares during the period. Arizona State Retirement System grew its stake in Simply Good Foods by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 373 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its stake in Simply Good Foods by 3.6% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock valued at $444,000 after purchasing an additional 394 shares during the period. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Company Profile

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.