Brokerages Set The Simply Good Foods Company (NASDAQ:SMPL) Target Price at $41.17

Shares of The Simply Good Foods Company (NASDAQ:SMPL) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.17.

Several equities research analysts recently commented on SMPL shares. Mizuho reiterated a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. Morgan Stanley reissued an “overweight” rating and set a $42.00 price target on shares of Simply Good Foods in a research report on Thursday, April 11th. Stifel Nicolaus cut their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Finally, DA Davidson cut their price objective on shares of Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, April 5th.

Insider Activity

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the transaction, the director now owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.98% of the company’s stock.

Hedge Funds Weigh In On Simply Good Foods

Large investors have recently modified their holdings of the company. Belpointe Asset Management LLC increased its position in Simply Good Foods by 235.7% during the 1st quarter. Belpointe Asset Management LLC now owns 621 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Point72 Middle East FZE acquired a new stake in shares of Simply Good Foods in the fourth quarter worth $30,000. Pacer Advisors Inc. increased its position in shares of Simply Good Foods by 121.5% in the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of 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 acquiring an additional 433 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Simply Good Foods during the 4th quarter valued at $36,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Stock Up 2.3 %

SMPL opened at $33.17 on Friday. Simply Good Foods has a one year low of $30.00 and a one year high of $43.00. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.45 and a beta of 0.69. The business’s fifty day moving average is $33.96 and its two-hundred day moving average is $36.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20.

About Simply Good Foods

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.