The Simply Good Foods Company (NASDAQ:SMPL) Stock Has Average Price Target of $14.45 According to Brokerages

The Simply Good Foods Company (NASDAQ:SMPL) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $14.45.

A number of research analysts have issued reports on the company. UBS Group set a $15.00 price objective on Simply Good Foods in a research note on Friday, July 10th. TD Cowen cut their target price on Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 26th. Truist Financial set a $11.00 price target on Simply Good Foods in a report on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $14.00 price target on shares of Simply Good Foods in a research report on Friday, July 10th. Finally, DA Davidson dropped their price target on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Simply Good Foods during the second quarter valued at approximately $30,000. Leonteq Securities AG raised its holdings in Simply Good Foods by 96.2% in the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,132 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Simply Good Foods by 244.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,995 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 2,125 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Simply Good Foods in the 2nd quarter valued at approximately $72,000. Finally, Allworth Financial LP bought a new position in Simply Good Foods in the 2nd quarter valued at approximately $72,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

SMPL stock opened at $11.08 on Friday. The firm has a 50 day moving average price of $10.49 and a 200-day moving average price of $11.49. Simply Good Foods has a 52-week low of $9.38 and a 52-week high of $22.00. The firm has a market capitalization of $980.14 million, a price-to-earnings ratio of -5.11 and a beta of 0.19. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80.

About Simply Good Foods

The Simply Good Foods Company (NASDAQ: SMPL) is a consumer packaged food company focused on convenient, nutrition-focused products. Its portfolio is built around the Atkins and Quest brands, which serve consumers seeking lower-carbohydrate, higher-protein and better-for-you food options.

The company offers a variety of products, including protein bars, snack bars, shakes, cookies, chips, confectionery items, protein powders and frozen foods. Its products are sold through grocery stores, mass merchants, club stores, drugstores, convenience stores, e-commerce platforms and other retail channels.

Simply Good Foods was established in 2017 through the combination of Conyers Park Acquisition Corp.