1 day Ago By ABMN Staff
The Simply Good Foods Company ( NASDAQ:SMPL – Get Free Report ) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $40.
29. SMPL has been the subject of a number of analyst reports. Stifel Nicolaus upped 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. Deutsche Bank Aktiengesellschaft increased their target price on Simply Good Foods from $36.
00 to $37.00 and gave the company a “hold” rating in a research report on Friday, June 14th. DA Davidson boosted their price target on shares of Simply Good Foods from $35.
00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, July 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $41.
00 price objective on shares of Simply Good Foods in a report on Friday, June 28th. Get Our Latest Stock Analysis on Simply Good Foods Insider Buying and Selling at Simply Good Foods Institutional Inflows and Outflows Institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp lifted its position in Simply Good Foods by 22.
6% during the fourth quarter. Truist Financial Corp now owns 9,301 shares of the financial services provider’s stock worth $368,000 after buying an additional 1,715 shares in the last quarter. Charles Schwab Investment Management Inc.
boosted 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 acquiring an additional 47,393 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Simply Good Foods in the fourth quarter valued at about $36,000.
Teacher Retirement System of Texas grew its holdings in shares of Simply Good Foods by 1.7% in the fourth quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock valued at $792,000 after purchasing an additional 326 shares during the period.
Finally, QRG Capital Management Inc. acquired a new stake in Simply Good Foods during the fourth quarter worth about $256,000. 88.
45% of the stock is currently owned by institutional investors and hedge funds. Simply Good Foods Price Performance Shares of NASDAQ SMPL opened at $33.60 on Monday.
The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.
05. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.
17, a PEG ratio of 2.21 and a beta of 0.63.
The firm’s 50 day simple moving average is $33.54 and its 200-day simple moving average is $34.71.
Simply Good Foods has a 12 month low of $30.00 and a 12 month high of $43.00.
Simply Good Foods ( NASDAQ:SMPL – Get Free Report ) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.
48 by $0.02. The company had revenue of $334.
80 million for the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.
49% and a return on equity of 10.28%. The firm’s revenue was up 3.
1% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share.
Analysts expect that Simply Good Foods will post 1.69 EPS for the current year. About Simply Good Foods ( Get Free Report 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. See Also Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.
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