Simply Good Foods (NASDAQ:SMPL) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Simply Good Foods (NASDAQ:SMPL) in a research note released on Tuesday morning, Benzinga reports. They currently have a $41.00 target price on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on the company. DA Davidson boosted their target price on Simply Good Foods from $34.00 to $35.00 and gave the company a neutral rating in a research note on Tuesday. TD Cowen began coverage on Simply Good Foods in a research note on Monday, April 22nd. They issued a hold rating and a $34.00 target price for the company. Deutsche Bank Aktiengesellschaft restated a hold rating and set a $42.00 price target (up previously from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Morgan Stanley restated 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 reduced their price target on Simply Good Foods from $48.00 to $38.00 and set a buy rating on the stock in a report on Thursday, March 28th. Three investment 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, the company presently has an average rating of Moderate Buy and an average price target of $40.29.

Simply Good Foods Trading Up 0.8 %

Shares of SMPL stock opened at $37.34 on Tuesday. Simply Good Foods has a 12-month low of $30.00 and a 12-month high of $43.00. The company has a quick ratio of 3.09, a current ratio of 4.20 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $33.87 and a two-hundred day moving average price of $36.83. The firm has a market cap of $3.73 billion, a P/E 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 earnings results on Thursday, April 4th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. Equities analysts anticipate that Simply Good Foods will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings 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 acquiring an additional 292 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Simply Good Foods by 1.7% during the 4th quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 326 shares during the period. Arizona State Retirement System grew its holdings in shares of Simply Good Foods by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 26,927 shares of the financial services provider’s stock worth $930,000 after acquiring an additional 373 shares during the period. Alliance Wealth Advisors LLC UT grew its holdings in shares of Simply Good Foods by 3.6% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 394 shares during the period. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Simply Good Foods by 1.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 33,367 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 412 shares during the period. Hedge funds and other 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.