Zacks Investment Research lowered shares of Simply Good Foods (NASDAQ:SMPL) from a buy rating to a hold rating in a research report released on Saturday morning.

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 analysts have also recently issued research reports about the company. Berenberg Bank initiated 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. Goldman Sachs Group initiated coverage on Simply Good Foods in a research report on Wednesday, October 4th. They set a buy rating and a $16.00 price objective for the company.

Shares of Simply Good Foods (NASDAQ:SMPL) opened at $13.67 on Friday. Simply Good Foods has a 12-month low of $10.93 and a 12-month high of $16.01. 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 (NASDAQ:SMPL) last released its quarterly earnings data 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). sell-side analysts predict that Simply Good Foods will post 0.52 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Simply Good Foods in the third quarter worth about $142,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Simply Good Foods in the third quarter worth about $223,000. Bank of New York Mellon Corp acquired a new stake in shares of Simply Good Foods in the third quarter worth about $371,000. Wells Fargo & Company MN acquired a new stake in shares of Simply Good Foods in the third quarter worth about $493,000. Finally, Nationwide Fund Advisors acquired a new stake in shares of Simply Good Foods in the third quarter worth about $488,000. 69.46% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Research Lowers Simply Good Foods (SMPL) to Hold” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://theolympiareport.com/2018/01/16/zacks-investment-research-lowers-simply-good-foods-smpl-to-hold.html.

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.

Get a free copy of the Zacks research report on Simply Good Foods (SMPL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Simply Good Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simply Good Foods and related companies with MarketBeat.com's FREE daily email newsletter.