Stifel Nicolaus Raises Simply Good Foods (NASDAQ:SMPL) Price Target to $40.00

Simply Good Foods (NASDAQ:SMPL) had its price target boosted by Stifel Nicolaus from $38.00 to $40.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on SMPL. Mizuho reiterated a buy rating and issued a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. Morgan Stanley reiterated an overweight rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th. TD Cowen started coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a hold rating and a $34.00 target price on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $41.00 price target on shares of Simply Good Foods in a report on Tuesday, April 30th. Finally, DA Davidson raised their price objective on Simply Good Foods from $34.00 to $35.00 and gave the company a neutral rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $39.86.

Simply Good Foods Price Performance

Shares of SMPL opened at $36.42 on Friday. The business’s 50-day moving average is $35.92 and its two-hundred day moving average is $36.85. The company has a market capitalization of $3.64 billion, a P/E ratio of 26.20, a P/E/G ratio of 2.24 and a beta of 0.65. Simply Good Foods has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $312.20 million for the quarter, compared to analyst estimates of $313.57 million. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Research analysts predict that Simply Good Foods will post 1.7 earnings per share for the current year.

Insider Activity at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $152,680.00. Following the transaction, the director now directly owns 17,027 shares in the company, valued at $649,920.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.98% of the company’s stock.

Institutional Investors Weigh In On Simply Good Foods

A number of institutional investors have recently modified their holdings of SMPL. 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 purchasing an additional 457 shares during the period. Parkside Financial Bank & Trust raised its position in Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Simply Good Foods in the 4th quarter valued at about $36,000. TFO Wealth Partners LLC grew its position in shares of Simply Good Foods by 59,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Simply Good Foods by 18.8% during the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after buying an additional 292 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

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.