The Simply Good Foods Company (NASDAQ:SMPL) Stock Has Consensus Price Target of $14.45 According to Brokerages

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have been assigned a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.45.

A number of equities research analysts have recently weighed in on the stock. Truist Financial set a $11.00 price objective on shares of Simply Good Foods in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $14.00 price target on shares of Simply Good Foods in a research report on Friday, July 10th. UBS Group set a $15.00 price objective on Simply Good Foods in a research note on Friday, July 10th. TD Cowen lowered their price objective on Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $15.00 price objective on shares of Simply Good Foods in a research report on Wednesday, August 26th.

Hedge Funds Weigh In On Simply Good Foods

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in shares of Simply Good Foods during the second quarter valued at about $2,566,000. Oaktree Capital Management LP purchased a new stake in shares of Simply Good Foods during the first quarter valued at $16,200,000. Pacer Advisors Inc. bought a new stake in shares of Simply Good Foods during the fourth quarter valued at approximately $6,499,000. Bank of New York Mellon Corp purchased a new position in shares of Simply Good Foods during the second quarter valued at $7,393,000. Finally, Kestrel Investment Management Corp boosted its stake in shares of Simply Good Foods by 90.3% during the first quarter. Kestrel Investment Management Corp now owns 258,050 shares of the financial services provider’s stock valued at $3,703,000 after purchasing an additional 122,475 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 6.0%

Shares of SMPL opened at $10.41 on Friday. Simply Good Foods has a 1-year low of $9.38 and a 1-year high of $22.00. The firm’s 50 day simple moving average is $10.48 and its 200 day simple moving average is $11.48. The company has a market capitalization of $920.87 million, a P/E ratio of -4.80 and a beta of 0.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10.

Simply Good Foods Company Profile

The Simply Good Foods Company (NASDAQ: SMPL) is a consumer packaged food company focused on convenient, nutrition-focused products. Its portfolio is built around the Atkins and Quest brands, which serve consumers seeking lower-carbohydrate, higher-protein and better-for-you food options.

The company offers a variety of products, including protein bars, snack bars, shakes, cookies, chips, confectionery items, protein powders and frozen foods. Its products are sold through grocery stores, mass merchants, club stores, drugstores, convenience stores, e-commerce platforms and other retail channels.

Simply Good Foods was established in 2017 through the combination of Conyers Park Acquisition Corp.