Equities research analysts at Goldman Sachs Group, Inc. (The) began coverage on shares of The Simply Good Foods Company (NASDAQ:SMPL) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating and a $16.00 price target on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 35.59% from the stock’s previous close.

Shares of The Simply Good Foods (NASDAQ:SMPL) opened at 12.06 on Wednesday. The company’s market capitalization is $850.99 million. The Simply Good Foods has a one year low of $10.00 and a one year high of $12.49. The stock has a 50 day moving average price of $11.81 and a 200-day moving average price of $11.69.

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About The Simply Good Foods

The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.

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