Zacks Investment Research upgraded shares of Simply Good Foods (NASDAQ:SMPL) from a sell rating to a hold rating in a report released on Wednesday morning.

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 topic of several other reports. Berenberg Bank started coverage on shares of Simply Good Foods in a report on Thursday, November 16th. They set a buy rating and a $15.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Simply Good Foods in a report on Monday, January 22nd. They set a buy rating and a $16.00 price objective on the stock. Finally, SunTrust Banks started coverage on shares of Simply Good Foods in a report on Thursday, February 1st. They set a buy rating and a $17.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $16.00.

Shares of Simply Good Foods (NASDAQ:SMPL) opened at $13.59 on Wednesday. Simply Good Foods has a fifty-two week low of $10.93 and a fifty-two week high of $16.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.20 and a quick ratio of 3.31.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Tuesday, January 9th. The financial services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The business had revenue of $106.59 million for the quarter, compared to analyst estimates of $105.70 million. analysts forecast that Simply Good Foods will post 0.54 earnings per share for the current year.

In other news, Director Robert G. Montgomery purchased 5,000 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $12.40 per share, with a total value of $62,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.62% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Simply Good Foods by 7.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,353,498 shares of the financial services provider’s stock worth $76,341,000 after buying an additional 378,292 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of Simply Good Foods in the fourth quarter worth about $17,342,000. Lazard Asset Management LLC lifted its holdings in shares of Simply Good Foods by 3.8% in the fourth quarter. Lazard Asset Management LLC now owns 874,733 shares of the financial services provider’s stock worth $12,473,000 after buying an additional 31,643 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Simply Good Foods in the third quarter worth about $8,483,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Simply Good Foods in the third quarter worth about $5,781,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

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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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