Simply Good Foods (NASDAQ:SMPL) Price Target Raised to $38.00 at DA Davidson

Simply Good Foods (NASDAQ:SMPL) had its price target hoisted by DA Davidson from $35.00 to $38.00 in a research note issued to investors on Monday, Benzinga reports. DA Davidson currently has a neutral rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $41.00 target price on shares of Simply Good Foods in a report on Friday. Stifel Nicolaus raised their price target on Simply Good Foods from $38.00 to $40.00 and gave the stock a buy rating in a report on Friday, June 14th. Morgan Stanley reissued an overweight rating and issued a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Mizuho reissued a buy rating and issued a $50.00 price target on shares of Simply Good Foods in a report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock a hold rating in a report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $40.29.

Simply Good Foods Trading Down 1.0 %

NASDAQ:SMPL opened at $35.77 on Monday. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $36.77 and its two-hundred day moving average is $36.58. Simply Good Foods has a 52 week low of $30.00 and a 52 week high of $43.00. The company has a market cap of $3.58 billion, a PE ratio of 24.67, a P/E/G ratio of 2.12 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $337.66 million. During the same quarter last year, the business posted $0.40 EPS. Simply Good Foods’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Simply Good Foods will post 1.7 EPS for the current year.

Insider Activity at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the firm’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 sale, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.98% of the stock is owned by insiders.

Hedge Funds Weigh In On Simply Good Foods

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of 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 valued at $379,461,000 after purchasing an additional 259,144 shares during the period. Boston Partners acquired a new position in shares of Simply Good Foods during the 4th quarter valued at $20,242,000. Congress Asset Management Co. MA increased its position in shares of Simply Good Foods by 9.5% during the 4th quarter. Congress Asset Management Co. MA now owns 1,222,857 shares of the financial services provider’s stock valued at $48,425,000 after purchasing an additional 105,912 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Simply Good Foods by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 852,189 shares of the financial services provider’s stock valued at $33,747,000 after purchasing an additional 47,393 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Simply Good Foods by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,892,217 shares of the financial services provider’s stock valued at $114,535,000 after purchasing an additional 82,235 shares during the period. 88.45% of the stock is currently 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.