Simply Good Foods (NASDAQ:SMPL) Coverage Initiated by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report released on Monday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $34.00 price target on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on SMPL. Mizuho restated a buy rating and issued a $50.00 price objective on shares of Simply Good Foods in a research note on Friday, April 5th. Morgan Stanley reissued an overweight rating and issued a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. DA Davidson lowered 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, Needham & Company LLC cut their target price on 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. Three 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, Simply Good Foods presently has a consensus rating of Moderate Buy and an average price target of $40.14.

Simply Good Foods Stock Performance

SMPL opened at $32.91 on Monday. The stock’s 50 day simple moving average is $33.90 and its 200-day simple moving average is $36.75. The company has a current ratio of 4.20, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.29 billion, a PE ratio of 23.68, a P/E/G ratio of 2.45 and a beta of 0.69. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00.

Insider Transactions at Simply Good Foods

In related news, Director Robert G. Montgomery sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 52,738 shares of the company’s stock, valued at approximately $2,075,767.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Simply Good Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Ronald Blue Trust Inc. lifted its position in shares of Simply Good Foods by 713.6% during the third quarter. Ronald Blue Trust Inc. now owns 1,554 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,363 shares in the last quarter. SG Americas Securities LLC bought a new position in Simply Good Foods in the 3rd quarter valued at $1,028,000. State of Alaska Department of Revenue boosted its position in Simply Good Foods by 1.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 56,401 shares of the financial services provider’s stock valued at $1,946,000 after buying an additional 746 shares during the last quarter. Ziegler Capital Management LLC increased its stake in shares of 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 buying an additional 341 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Simply Good Foods during the third quarter worth $540,000. 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.