Simply Good Foods (NASDAQ:SMPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm presently has a $31.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 16.10% from the company’s previous close.

According to Zacks, “The Simply Good Foods Company product portfolio consists primarily of nutrition bars, ready-to-drink shakes, snacks and confectionery products marketed under the Atkins(R), SimplyProtein(R), Atkins Endulge(R) and Atkins Harvest Trail brand names. The Simply Good Foods Company is based in Denver, United States. “

Other equities research analysts also recently issued reports about the stock. SunTrust Banks restated a “hold” rating and issued a $25.00 target price on shares of Simply Good Foods in a research note on Wednesday, July 3rd. Deutsche Bank upgraded shares of Elis from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Buckingham Research set a $34.00 target price on shares of Greenbrier Companies and gave the company a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine upgraded shares of Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Finally, DA Davidson initiated coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They issued a “buy” rating and a $26.00 target price for the company. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Simply Good Foods has a consensus rating of “Buy” and an average target price of $27.00.

SMPL stock traded down $0.32 during trading on Tuesday, hitting $26.70. 21,081 shares of the company’s stock traded hands, compared to its average volume of 445,764. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 46.05 and a beta of 0.84. The stock’s fifty day moving average price is $23.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.63 and a quick ratio of 7.57. Simply Good Foods has a 1 year low of $16.40 and a 1 year high of $27.99.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $139.50 million for the quarter, compared to analyst estimates of $120.85 million. Simply Good Foods had a net margin of 10.79% and a return on equity of 6.81%. Simply Good Foods’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, sell-side analysts anticipate that Simply Good Foods will post 0.67 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC acquired a new stake in Simply Good Foods in the first quarter valued at approximately $30,000. Lavaca Capital LLC acquired a new stake in shares of Simply Good Foods during the first quarter worth $88,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Simply Good Foods during the first quarter worth $92,000. Diversified Trust Co acquired a new stake in shares of Simply Good Foods during the first quarter worth $203,000. Finally, Legal & General Group Plc lifted its stake in shares of Simply Good Foods by 10.6% during the fourth quarter. Legal & General Group Plc now owns 10,953 shares of the financial services provider’s stock worth $207,000 after buying an additional 1,046 shares during the period. Institutional investors own 85.50% of the company’s stock.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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