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

Simply Good Foods (NASDAQ:SMPL) had its price target upped by DA Davidson from $34.00 to $35.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target would suggest a potential downside of 5.33% from the company’s current price.

SMPL has been the topic of a number of other research reports. Needham & Company LLC lowered their target price on Simply Good Foods from $45.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, April 5th. TD Cowen started coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price (up from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and an average price target of $40.29.

Simply Good Foods Stock Up 7.9 %

Shares of SMPL stock traded up $2.72 during trading hours on Tuesday, hitting $36.97. 973,366 shares of the company’s stock traded hands, compared to its average volume of 926,823. The stock’s fifty day simple moving average is $33.75 and its two-hundred day simple moving average is $36.78. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $43.00. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.54 and a beta of 0.69.

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

Institutional Trading of Simply Good Foods

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Simply Good Foods during the fourth quarter worth $39,991,000. FMR LLC lifted its position in shares of Simply Good Foods by 42.3% during the third quarter. FMR LLC now owns 2,761,132 shares of the financial services provider’s stock worth $95,314,000 after purchasing an additional 820,801 shares during the last quarter. Boston Partners bought a new stake in shares of Simply Good Foods during the fourth quarter worth $20,242,000. Principal Financial Group Inc. lifted its position in shares of Simply Good Foods by 17.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider’s stock worth $76,457,000 after purchasing an additional 281,603 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock worth $379,461,000 after purchasing an additional 259,144 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

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.