Simply Good Foods (SMPL) Given New $15.00 Price Target at Deutsche Bank

Simply Good Foods (NASDAQ:SMPL) had its target price dropped by investment analysts at Deutsche Bank from $16.00 to $15.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 14.85% from the company’s previous close.

A number of other research firms have also recently weighed in on SMPL. Zacks Investment Research cut shares of Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. SunTrust Banks initiated coverage on shares of Simply Good Foods in a research note on Thursday, February 1st. They set a “buy” rating and a $17.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Simply Good Foods in a research note on Monday, January 22nd. They set a “buy” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Simply Good Foods currently has an average rating of “Buy” and a consensus price target of $15.83.

NASDAQ:SMPL opened at $13.06 on Wednesday. The company has a quick ratio of 3.31, a current ratio of 4.20 and a debt-to-equity ratio of 0.31. Simply Good Foods has a fifty-two week low of $10.93 and a fifty-two week high of $16.01.



Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Tuesday, April 10th. The financial services provider reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). The firm had revenue of $109.35 million for the quarter, compared to analyst estimates of $108.74 million. research analysts forecast that Simply Good Foods will post 0.53 earnings per share for the current fiscal year.

In related news, Director Robert G. Montgomery purchased 5,000 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $12.40 per share, with a total value of $62,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.62% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SMPL. Nationwide Fund Advisors acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $488,000. Bank of New York Mellon Corp acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $371,000. Wells Fargo & Company MN acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $493,000. Highbridge Capital Management LLC acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $5,781,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $142,000. 74.24% of the stock is currently owned by hedge funds and other institutional investors.

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About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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