Simply Good Foods (NASDAQ:SMPL) Earns Hold Rating from Analysts at TD Cowen

TD Cowen initiated coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued a hold rating and a $34.00 price objective on the financial services provider’s stock.

Several other research firms have also weighed in on SMPL. DA Davidson decreased their target price on shares of Simply Good Foods from $39.00 to $34.00 and set a neutral rating on the stock in a report on Friday, April 5th. Stifel Nicolaus lowered their price objective on 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 set a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. Mizuho reaffirmed a buy rating and issued a $50.00 price target on shares of Simply Good Foods in a research note on Friday, April 5th. Finally, Morgan Stanley reissued an overweight rating and set a $42.00 price objective on shares of Simply Good Foods in a research 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 stock. Based on data from MarketBeat.com, Simply Good Foods has an average rating of Moderate Buy and a consensus price target of $40.14.

Simply Good Foods Trading Up 0.8 %

NASDAQ SMPL opened at $34.62 on Monday. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The company has a market capitalization of $3.46 billion, a PE ratio of 24.91, a P/E/G ratio of 2.50 and a beta of 0.69. The company has a fifty day moving average of $33.84 and a 200 day moving average of $36.73.

Hedge Funds Weigh In On Simply Good Foods

Several hedge funds have recently added to or reduced their stakes in SMPL. Blue Trust Inc. grew its stake in shares of Simply Good Foods by 18.8% during the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 292 shares during the period. Teacher Retirement System of Texas grew its position in Simply Good Foods by 1.7% in the 4th quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock worth $792,000 after purchasing an additional 326 shares during the last quarter. Ziegler Capital Management LLC grew its position in Simply Good Foods by 4.0% in the 3rd quarter. Ziegler Capital Management LLC now owns 8,965 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 341 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Simply Good Foods by 1.4% in the third quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock valued at $930,000 after purchasing an additional 373 shares during the period. Finally, Alliance Wealth Advisors LLC UT raised its holdings in shares of Simply Good Foods by 3.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock valued at $444,000 after buying an additional 394 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

About Simply Good Foods

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.