Deutsche Bank assumed coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research note released on Wednesday morning, The Fly reports. The brokerage issued a buy rating on the financial services provider’s stock.
Other analysts also recently issued research reports about the company. ValuEngine downgraded Simply Good Foods from a hold rating to a sell rating in a report on Wednesday, October 30th. Goldman Sachs Group reissued a buy rating and issued a $32.00 price target on shares of Simply Good Foods in a report on Monday, November 11th. Zacks Investment Research raised Simply Good Foods from a hold rating to a buy rating and set a $27.00 price target on the stock in a report on Wednesday, November 13th. DA Davidson raised their price target on Simply Good Foods to $33.00 and gave the stock a buy rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Co began coverage on Simply Good Foods in a report on Monday, September 9th. They issued an outperform rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Simply Good Foods currently has an average rating of Buy and a consensus price target of $28.88.
Shares of NASDAQ SMPL opened at $27.88 on Wednesday. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 49.79 and a beta of 0.78. Simply Good Foods has a 12-month low of $16.55 and a 12-month high of $31.34. The company has a current ratio of 7.45, a quick ratio of 6.65 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $25.80 and its 200 day simple moving average is $26.34.
In other Simply Good Foods news, CEO Joseph Scalzo bought 16,330 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost of $24.42 per share, for a total transaction of $398,778.60. Following the transaction, the chief executive officer now directly owns 465,683 shares in the company, valued at $11,371,978.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Kilts bought 70,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was acquired at an average price of $24.62 per share, for a total transaction of $1,723,400.00. Following the completion of the transaction, the director now owns 737,217 shares in the company, valued at $18,150,282.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 86,643 shares of company stock worth $2,129,634. 2.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SMPL. Aperio Group LLC acquired a new stake in Simply Good Foods in the 2nd quarter valued at approximately $102,000. C M Bidwell & Associates Ltd. increased its position in Simply Good Foods by 42.1% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 1,680 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Simply Good Foods in the 2nd quarter valued at approximately $152,000. NumerixS Investment Technologies Inc increased its position in Simply Good Foods by 79.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 7,900 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 3,500 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Simply Good Foods in the 3rd quarter valued at approximately $203,000. Hedge funds and other institutional investors own 73.75% of the company’s stock.
Simply Good Foods Company Profile
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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