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

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

Several other research analysts also recently issued reports on the stock. Mizuho reiterated a buy rating and issued a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. Needham & Company LLC lowered their price objective on Simply Good Foods from $45.00 to $41.00 and set a buy rating on the stock in a research report on Friday, April 5th. DA Davidson decreased their price target on Simply Good Foods from $39.00 to $34.00 and set a neutral rating for the company in a research note 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, Stifel Nicolaus decreased their target price 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Simply Good Foods has a consensus rating of Moderate Buy and a consensus target price of $40.14.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $32.91 on Monday. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00. The firm’s 50-day moving average is $33.90 and its 200 day moving average is $36.75. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.45 and a beta of 0.69. 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 Activity at Simply Good Foods

In other Simply Good Foods news, Director Robert G. Montgomery sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $39.36, for a total value of $98,400.00. Following the transaction, the director now directly owns 52,738 shares of the company’s stock, valued at $2,075,767.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in shares of Simply Good Foods by 121.5% in the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 457 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Simply Good Foods by 103.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 433 shares during the period. Principal Securities Inc. purchased a new stake in Simply Good Foods in the fourth quarter worth about $36,000. TFO Wealth Partners LLC raised its stake in shares of Simply Good Foods by 59,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,182 shares during the period. Finally, Ronald Blue Trust Inc. raised its stake in shares of Simply Good Foods by 713.6% in the third quarter. Ronald Blue Trust Inc. now owns 1,554 shares of the financial services provider’s stock worth $57,000 after buying an additional 1,363 shares during the period. 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.