DA Davidson Increases Simply Good Foods (NASDAQ:SMPL) Price Target to $35.00

Simply Good Foods (NASDAQ:SMPL) had its price target raised by DA Davidson from $34.00 to $35.00 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on SMPL. Needham & Company LLC dropped their price objective on shares of Simply Good Foods from $45.00 to $41.00 and set a buy rating on the stock in a report on Friday, April 5th. Mizuho reissued a buy rating and set a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. TD Cowen initiated coverage on shares of Simply Good Foods in a research note on Monday, April 22nd. They set a hold rating and a $34.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Simply Good Foods from $48.00 to $38.00 and set a buy rating on the stock in a research note on Thursday, March 28th. Finally, 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of Moderate Buy and a consensus price target of $40.29.

Simply Good Foods Stock Up 0.8 %

Shares of NASDAQ:SMPL opened at $37.34 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. Simply Good Foods has a 1-year low of $30.00 and a 1-year high of $43.00. The company’s fifty day moving average is $33.87 and its two-hundred day moving average is $36.83. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.26 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. Equities analysts anticipate that Simply Good Foods will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Simply Good Foods

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its position in shares of Simply Good Foods by 121.5% during the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Simply Good Foods by 103.1% during the 4th 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 in the last quarter. Principal Securities Inc. bought a new position in shares of Simply Good Foods during the 4th quarter valued at about $36,000. TFO Wealth Partners LLC boosted its position in shares of Simply Good Foods by 59,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. boosted its position 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 valued at $73,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

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.