Simply Good Foods (NASDAQ:SMPL) Now Covered by Analysts at TD Cowen

TD Cowen began coverage on shares of Simply Good Foods (NASDAQ:SMPL - Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm issued a hold rating and a $34.00 price target on the financial services provider's stock.

SMPL has been the topic of a number of other reports. Needham & Company LLC cut their target price on Simply Good Foods from $45.00 to $41.00 and set a buy rating on the stock in a research note on Friday, April 5th. Mizuho reissued a buy rating and issued a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. DA Davidson lowered their price target on Simply Good Foods from $39.00 to $34.00 and set a neutral rating on the stock in a report on Friday, April 5th. Morgan Stanley reaffirmed an overweight rating and set a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a hold rating and set a $42.00 price target (up from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Simply Good Foods currently has a consensus rating of Moderate Buy and an average target price of $40.14.

Simply Good Foods Stock Down 0.8 %

SMPL stock traded down $0.26 during midday trading on Monday, hitting $32.91. The stock had a trading volume of 983,968 shares, compared to its average volume of 917,487. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The business has a 50-day moving average of $33.90 and a two-hundred day moving average of $36.75. Simply Good Foods has a 52-week low of $30.00 and a 52-week 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.

Insider Buying and Selling

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $39.36, for a total transaction of $98,400.00. Following the completion of the transaction, the director now owns 52,738 shares in the company, valued at approximately $2,075,767.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Simply Good Foods

A number of institutional investors and hedge funds have recently modified their holdings of SMPL. Norges Bank purchased a new position in shares of Simply Good Foods in the 4th quarter worth approximately $39,991,000. FMR LLC lifted its stake in shares of Simply Good Foods by 42.3% during the 3rd quarter. FMR LLC now owns 2,761,132 shares of the financial services provider's stock worth $95,314,000 after acquiring an additional 820,801 shares during the last quarter. Boston Partners bought a new stake in shares of Simply Good Foods during the 4th quarter worth approximately $20,242,000. Principal Financial Group Inc. lifted its stake in shares of Simply Good Foods by 17.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider's stock worth $76,457,000 after acquiring an additional 281,603 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider's stock worth $379,461,000 after acquiring an additional 259,144 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

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.