Simply Good Foods (NASDAQ:SMPL) Price Target Raised to $35.00 at DA Davidson

Simply Good Foods (NASDAQ:SMPL) had its price objective increased by DA Davidson from $34.00 to $35.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

SMPL has been the topic of a number of other research reports. Mizuho reaffirmed a buy rating and set a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. TD Cowen started coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They issued a hold rating and a $34.00 price objective for the company. Needham & Company LLC dropped their price objective on shares of Simply Good Foods from $45.00 to $41.00 and set a buy rating for the company in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a $42.00 price objective (up previously from $41.00) on shares of Simply Good Foods in a research report on Tuesday, January 2nd. Finally, Morgan Stanley reissued an overweight rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $40.29.

Simply Good Foods Stock Performance

Shares of SMPL opened at $36.45 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.54 and a beta of 0.69. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00. The company’s 50 day simple moving average is $33.75 and its 200 day simple moving average is $36.78.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. On average, sell-side analysts predict that Simply Good Foods will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after acquiring an additional 259,144 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Simply Good Foods by 79.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,914 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 25,650 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Simply Good Foods in the 3rd quarter worth about $2,877,000. Diversified Trust Co lifted its position in shares of Simply Good Foods by 7.5% in the 4th quarter. Diversified Trust Co now owns 20,793 shares of the financial services provider’s stock worth $823,000 after buying an additional 1,453 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Simply Good Foods by 4.0% in the 3rd quarter. Rhumbline Advisers now owns 259,500 shares of the financial services provider’s stock worth $8,958,000 after buying an additional 10,073 shares during the last quarter. 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.