Simply Good Foods (NASDAQ:SMPL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

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. “

Several other brokerages have also commented on SMPL. Buckingham Research assumed coverage on shares of Simply Good Foods in a research report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. SunTrust Banks lifted their price objective on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Finally, Consumer Edge assumed coverage on shares of Simply Good Foods in a research report on Monday, July 2nd. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Simply Good Foods presently has an average rating of “Buy” and an average price target of $18.33.

SMPL stock traded down $0.72 during mid-day trading on Friday, hitting $17.02. The company had a trading volume of 996,435 shares, compared to its average volume of 951,269. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 29.34 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.01 and a current ratio of 6.07. Simply Good Foods has a 12 month low of $11.01 and a 12 month high of $19.84.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. The business had revenue of $108.30 million for the quarter, compared to analyst estimates of $111.25 million. Simply Good Foods had a net margin of 16.33% and a return on equity of 6.73%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Analysts forecast that Simply Good Foods will post 0.59 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Waratah Capital Advisors Ltd. bought a new stake in shares of Simply Good Foods in the third quarter valued at approximately $7,146,000. Bank of Montreal Can raised its position in shares of Simply Good Foods by 102.7% in the third quarter. Bank of Montreal Can now owns 17,491 shares of the financial services provider’s stock valued at $340,000 after purchasing an additional 8,861 shares during the period. Northern Trust Corp raised its position in shares of Simply Good Foods by 410.4% in the second quarter. Northern Trust Corp now owns 649,776 shares of the financial services provider’s stock valued at $9,382,000 after purchasing an additional 522,472 shares during the period. Bank of New York Mellon Corp raised its position in shares of Simply Good Foods by 396.5% in the second quarter. Bank of New York Mellon Corp now owns 217,790 shares of the financial services provider’s stock valued at $3,144,000 after purchasing an additional 173,925 shares during the period. Finally, Davidson Kempner Capital Management LP raised its position in shares of Simply Good Foods by 62.5% in the second quarter. Davidson Kempner Capital Management LP now owns 650,000 shares of the financial services provider’s stock valued at $9,380,000 after purchasing an additional 250,000 shares during the period. 91.85% of the stock is currently owned by institutional investors.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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