Mizuho Has Lowered Expectations for Simply Good Foods (NASDAQ:SMPL) Stock Price

Simply Good Foods (NASDAQ:SMPL) had its price objective decreased by equities researchers at Mizuho from $47.00 to $43.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price target points to a potential upside of 30.03% from the stock’s current price.

Several other brokerages have also weighed in on SMPL. Citigroup dropped their target price on Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, June 18th. UBS Group set a $36.00 target price on Simply Good Foods and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the stock an “outperform” rating in a research report on Friday, July 11th. Stifel Nicolaus dropped their target price on Simply Good Foods from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, June 27th. Finally, Wall Street Zen lowered Simply Good Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on 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 Up 0.0%

Shares of Simply Good Foods stock opened at $33.07 on Tuesday. The stock’s fifty day moving average is $33.63 and its 200-day moving average is $35.28. The firm has a market capitalization of $3.32 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.24 and a beta of 0.68. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. Simply Good Foods has a 12-month low of $30.47 and a 12-month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $380,956 billion for the quarter, compared to analyst estimates of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. Simply Good Foods’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts anticipate that Simply Good Foods will post 1.78 earnings per share for the current year.

Institutional Trading of Simply Good Foods

A number of hedge funds have recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after buying an additional 445 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Simply Good Foods during the 1st quarter worth approximately $54,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Simply Good Foods during the 1st quarter worth approximately $55,000. Quarry LP lifted its position in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock worth $69,000 after buying an additional 751 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock worth $98,000 after buying an additional 300 shares during the period. 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.