Shares of Simply Good Foods Co (NASDAQ:SMPL) have received an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $16.00 for the company and are forecasting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Simply Good Foods an industry rank of 227 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Simply Good Foods from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, January 10th. SunTrust Banks assumed coverage on Simply Good Foods in a research note on Thursday, February 1st. They set a “buy” rating and a $17.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on Simply Good Foods in a research note on Monday, January 22nd. They set a “buy” rating and a $16.00 price target for the company.
A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Simply Good Foods by 7.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,353,498 shares of the financial services provider’s stock valued at $76,341,000 after purchasing an additional 378,292 shares during the period. Champlain Investment Partners LLC bought a new stake in Simply Good Foods during the 4th quarter valued at approximately $17,342,000. Lazard Asset Management LLC boosted its stake in Simply Good Foods by 3.8% during the 4th quarter. Lazard Asset Management LLC now owns 874,733 shares of the financial services provider’s stock valued at $12,473,000 after purchasing an additional 31,643 shares during the period. Davidson Kempner Capital Management LP bought a new stake in Simply Good Foods during the 3rd quarter valued at approximately $8,483,000. Finally, Highbridge Capital Management LLC bought a new stake in Simply Good Foods during the 3rd quarter valued at approximately $5,781,000. Hedge funds and other institutional investors own 74.24% of the company’s stock.
SMPL opened at $13.73 on Friday. Simply Good Foods has a 52-week low of $10.93 and a 52-week high of $16.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.31 and a current ratio of 4.20.
Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Tuesday, January 9th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $106.59 million during the quarter, compared to the consensus estimate of $105.70 million. sell-side analysts forecast that Simply Good Foods will post 0.54 EPS for the current year.
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About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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