Simply Good Foods (NASDAQ:SMPL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.
According to Zacks, “The Simply Good Foods Company product portfolio consists primarily of nutrition bars, ready-to-drink shakes, snacks and confectionery products marketed under the Atkins(R), SimplyProtein(R), Atkins Endulge(R) and Atkins Harvest Trail brand names. The Simply Good Foods Company is based in Denver, United States. “
SMPL has been the subject of a number of other reports. Berenberg Bank assumed coverage on Simply Good Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $15.00 target price for the company. Goldman Sachs Group assumed coverage on Simply Good Foods in a research report on Wednesday, October 4th. They set a “buy” rating and a $16.00 price target on the stock.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Tuesday, January 9th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). analysts expect that Simply Good Foods will post 0.52 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Davidson Kempner Capital Management LP bought a new stake in Simply Good Foods during the 3rd quarter worth approximately $8,483,000. Highbridge Capital Management LLC bought a new position in Simply Good Foods in the 3rd quarter valued at $5,781,000. Impala Asset Management LLC bought a new position in Simply Good Foods in the 3rd quarter valued at $3,356,000. Sii Investments Inc. WI bought a new position in Simply Good Foods in the 3rd quarter valued at $798,000. Finally, Acadian Asset Management LLC bought a new position in Simply Good Foods in the 4th quarter valued at $752,000. Institutional investors and hedge funds own 69.46% of the company’s stock.
Simply Good Foods Company Profile
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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