Simply Good Foods Co (SMPL) Given $16.00 Average Price Target by Brokerages
Shares of Simply Good Foods Co (NASDAQ:SMPL) have been assigned an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price target of $16.00 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Simply Good Foods an industry rank of 134 out of 265 based on the ratings given to related companies.
A number of research firms have recently issued reports on SMPL. SunTrust Banks began coverage on Simply Good Foods in a research report on Thursday, February 1st. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research downgraded Simply Good Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Stifel Nicolaus began coverage on Simply Good Foods in a research report on Monday, January 22nd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Berenberg Bank began coverage on Simply Good Foods in a research report on Thursday, November 16th. They set a “buy” rating and a $15.00 price target on the stock.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Tuesday, January 9th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $106.59 million during 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 fiscal year.
In other news, Director Robert G. Montgomery purchased 5,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $12.40 per share, with a total value of $62,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.23% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SMPL. Cubist Systematic Strategies LLC purchased a new stake in shares of Simply Good Foods during the 3rd quarter worth $142,000. Monashee Investment Management LLC purchased a new stake in shares of Simply Good Foods during the 4th quarter worth $172,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Simply Good Foods during the 4th quarter worth $186,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Simply Good Foods during the 3rd quarter worth $223,000. Finally, Teton Advisors Inc. purchased a new stake in shares of Simply Good Foods during the 4th quarter worth $228,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.
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Simply Good Foods Company Profile
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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