Zacks Investment Research upgraded shares of Simply Good Foods (NASDAQ:SMPL) from a sell rating to a hold rating in a research report released on Wednesday.

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. “

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Other research analysts have also issued research reports about the company. SunTrust Banks assumed coverage on Simply Good Foods in a research report on Thursday, February 1st. They set a buy rating and a $17.00 price objective for the company. Stifel Nicolaus assumed coverage on Simply Good Foods in a research report on Monday, January 22nd. They set a buy rating and a $16.00 price objective for the company. Finally, Berenberg Bank assumed coverage on Simply Good Foods in a research report on Thursday, November 16th. They set a buy rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $16.00.

Simply Good Foods (SMPL) opened at $13.59 on Wednesday. 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 current ratio of 4.20 and a quick ratio of 3.31.

Simply Good Foods (NASDAQ:SMPL) last posted 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 company had revenue of $106.59 million during the quarter, compared to the consensus estimate of $105.70 million. equities analysts anticipate that Simply Good Foods will post 0.54 earnings per share for the current fiscal year.

In other Simply Good Foods news, Director Robert G. Montgomery bought 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $12.40 per share, for a total transaction of $62,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.62% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Davidson Kempner Capital Management LP purchased a new stake in Simply Good Foods during the 3rd quarter valued at $8,483,000. Monashee Investment Management LLC purchased a new stake in Simply Good Foods during the 4th quarter valued at $172,000. Sii Investments Inc. WI purchased a new stake in Simply Good Foods during the 3rd quarter valued at $798,000. 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 last quarter. Finally, Impala Asset Management LLC purchased a new stake in Simply Good Foods during the 3rd quarter valued at $3,356,000. Institutional investors and hedge funds own 74.16% 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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