Simply Good Foods (NASDAQ:SMPL) Price Target Cut to $43.00 by Analysts at Mizuho

Simply Good Foods (NASDAQ:SMPL - Get Free Report) had its price target lowered by Mizuho from $47.00 to $43.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the financial services provider's stock. Mizuho's target price would suggest a potential upside of 31.38% from the company's previous close.

Several other equities research analysts also recently weighed in on SMPL. Citigroup lowered their price target on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Wall Street Zen downgraded Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. UBS Group set a $36.00 price target on Simply Good Foods and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Stifel Nicolaus lowered their price target on Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, June 27th. Finally, Morgan Stanley raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and a consensus price target of $39.88.

Simply Good Foods Stock Down 1.9%

SMPL stock traded down $0.63 during trading on Tuesday, reaching $32.73. 832,703 shares of the company traded hands, compared to its average volume of 1,006,378. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68. The business has a 50 day simple moving average of $33.51 and a 200 day simple moving average of $35.20. Simply Good Foods has a 12 month low of $30.47 and a 12 month high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $380,956 billion during the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its position in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Simply Good Foods in the first quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Simply Good Foods in the first quarter valued at approximately $55,000. Quarry LP increased its position in shares of Simply Good Foods by 59.7% in the first quarter. Quarry LP now owns 2,009 shares of the financial services provider's stock valued at $69,000 after buying an additional 751 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other 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.