Shares of Simply Good Foods Co (NASDAQ:SMPL) have received a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus target price of $16.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Simply Good Foods an industry rank of 226 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on SMPL shares. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, January 10th. Berenberg Bank started coverage on shares of Simply Good Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $15.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Simply Good Foods in a report on Monday, January 22nd. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, SunTrust Banks started coverage on shares of Simply Good Foods in a report on Thursday, February 1st. They set a “buy” rating and a $17.00 price target on the stock.
Several large investors have recently bought and sold shares of SMPL. Champlain Investment Partners LLC purchased a new stake in shares of Simply Good Foods during the fourth quarter valued at approximately $17,342,000. Davidson Kempner Capital Management LP purchased a new stake in shares of Simply Good Foods during the third quarter valued at approximately $8,483,000. Highbridge Capital Management LLC purchased a new stake in shares of Simply Good Foods during the third quarter valued at approximately $5,781,000. Goldman Sachs Group Inc. grew its holdings in shares of Simply Good Foods by 7.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,353,498 shares of the financial services provider’s stock valued at $76,341,000 after buying an additional 378,292 shares during the last quarter. Finally, Impala Asset Management LLC purchased a new stake in shares of Simply Good Foods during the third quarter valued at approximately $3,356,000. Hedge funds and other institutional investors own 74.22% of the company’s stock.
Shares of Simply Good Foods (NASDAQ SMPL) opened at $14.00 on Wednesday. The firm has a market cap of $988.16 and a PE ratio of 700.00. The company has a quick ratio of 3.31, a current ratio of 4.20 and a debt-to-equity ratio of 0.31. Simply Good Foods has a fifty-two week low of $10.32 and a fifty-two week high of $16.01.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Tuesday, January 9th. The financial services provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The business had revenue of $106.59 million for the quarter, compared to analyst estimates of $105.70 million. equities analysts expect 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 is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.
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