Shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $40.14.
Several analysts have recently weighed in on SMPL shares. Needham & Company LLC lowered their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Stifel Nicolaus decreased their price objective on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. DA Davidson decreased their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. Finally, TD Cowen began coverage on shares of Simply Good Foods in a report on Monday. They set a “hold” rating and a $34.00 price objective on the stock.
Read Our Latest Report on SMPL
Simply Good Foods Stock Up 0.8 %
Institutional Trading of Simply Good Foods
Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of Simply Good Foods by 121.5% in the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Simply Good Foods by 103.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Simply Good Foods in the fourth quarter valued at approximately $36,000. TFO Wealth Partners LLC raised its position in shares of Simply Good Foods by 59,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,182 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its position in shares of Simply Good Foods by 713.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,554 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.
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.
See Also
- Five stocks we like better than Simply Good Foods
- 3 Warren Buffett Stocks to Buy Now
- Hasbro’s Management Made All the Right Calls This Quarter
- How to Invest in Insurance Companies: A Guide
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- What is MarketRank™? How to Use it
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.