Simply Good Foods (NASDAQ:SMPL) Sees Unusually-High Trading Volume

Shares of The Simply Good Foods Company (NASDAQ:SMPL) saw unusually-high trading volume on Tuesday . Approximately 559,989 shares were traded during trading, a decline of 38% from the previous session’s volume of 906,675 shares.The stock last traded at $33.00 and had previously closed at $32.91.

Analyst Ratings Changes

SMPL has been the topic of a number of recent research reports. TD Cowen initiated coverage on shares of Simply Good Foods in a research report on Monday. They set a “hold” rating and a $34.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Morgan Stanley reiterated an “overweight” rating and set a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Needham & Company LLC reduced their price target on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has an average rating of “Moderate Buy” and a consensus price target of $40.14.

Simply Good Foods Price Performance

The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.43 billion, a P/E ratio of 24.71, a PEG ratio of 2.50 and a beta of 0.69. The firm’s fifty day moving average price is $33.87 and its 200-day moving average price is $36.75.

Institutional Trading of Simply Good Foods

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in 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 acquiring an additional 457 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in 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 acquiring an additional 433 shares in the last quarter. Principal Securities Inc. bought a new stake in Simply Good Foods in the fourth quarter valued at $36,000. TFO Wealth Partners LLC boosted its holdings in 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 acquiring an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares in the last quarter. 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.