Shares of Simply Good Foods Co (NASDAQ:SMPL) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.75.
Several equities research analysts recently issued reports on SMPL shares. CL King started coverage on Simply Good Foods in a research note on Monday, November 19th. They issued a “buy” rating for the company. Zacks Investment Research lowered Simply Good Foods from a “buy” rating to a “sell” rating in a report on Wednesday, October 10th. Buckingham Research assumed coverage on Simply Good Foods in a report on Wednesday, October 17th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on Simply Good Foods from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, January 4th.
Shares of SMPL opened at $19.40 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 33.45 and a beta of 0.83. The company has a quick ratio of 8.00, a current ratio of 9.17 and a debt-to-equity ratio of 0.24. Simply Good Foods has a 12 month low of $12.14 and a 12 month high of $21.03.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Simply Good Foods in the 2nd quarter valued at $254,000. Rhumbline Advisers acquired a new stake in shares of Simply Good Foods in the 2nd quarter valued at $851,000. Emerald Advisers Inc. PA increased its stake in shares of Simply Good Foods by 2.6% in the 3rd quarter. Emerald Advisers Inc. PA now owns 976,219 shares of the financial services provider’s stock valued at $18,987,000 after buying an additional 24,470 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Simply Good Foods in the 3rd quarter valued at $554,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Simply Good Foods in the 3rd quarter valued at $13,115,000. Hedge funds and other institutional investors own 83.31% of the company’s stock.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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