Brokerages Set The Simply Good Foods Company (NASDAQ:SMPL) PT at $41.17

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $41.17.

A number of brokerages have weighed in on SMPL. Needham & Company LLC cut their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Mizuho reissued a “buy” rating and set a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson cut their target price on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price target (up from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd.

Simply Good Foods Stock Up 2.3 %

SMPL stock opened at $33.17 on Friday. Simply Good Foods has a 1-year low of $30.00 and a 1-year high of $43.00. The stock has a market cap of $3.32 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.45 and a beta of 0.69. The stock’s fifty day simple moving average is $33.96 and its two-hundred day simple moving average is $36.76. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14.

Insider Activity

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of Simply Good Foods stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the sale, the director now directly owns 52,738 shares in the company, valued at $2,075,767.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 10.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMPL. BlackRock Inc. increased its position in shares of Simply Good Foods by 0.5% during the 1st quarter. BlackRock Inc. now owns 12,961,325 shares of the financial services provider’s stock valued at $491,882,000 after purchasing an additional 60,072 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Simply Good Foods by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after acquiring an additional 259,144 shares during the last quarter. Capital World Investors boosted its stake in shares of Simply Good Foods by 8.4% in the 1st quarter. Capital World Investors now owns 5,770,500 shares of the financial services provider’s stock valued at $218,990,000 after purchasing an additional 446,000 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Simply Good Foods by 22.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,106,381 shares of the financial services provider’s stock valued at $118,136,000 after purchasing an additional 559,980 shares during the last quarter. Finally, State Street Corp raised its position in Simply Good Foods by 3.2% in the 2nd quarter. State Street Corp now owns 3,037,399 shares of the financial services provider’s stock worth $111,138,000 after purchasing an additional 95,130 shares during the period. 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.