Simply Good Foods (NASDAQ:SMPL) had its price objective raised by DA Davidson to $33.00 in a report published on Thursday morning, The Fly reports. DA Davidson currently has a buy rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Buckingham Research raised their price target on shares of Simply Good Foods from $25.00 to $29.00 and gave the stock a buy rating in a report on Wednesday, July 3rd. Deutsche Bank raised their price target on shares of Simply Good Foods from $25.00 to $28.00 and gave the stock a buy rating in a report on Thursday, July 4th. Zacks Investment Research downgraded shares of Simply Good Foods from a buy rating to a hold rating in a report on Friday, August 16th. ValuEngine downgraded shares of Simply Good Foods from a strong-buy rating to a buy rating in a report on Thursday, August 1st. Finally, SunTrust Banks reiterated a hold rating and issued a $25.00 target price on shares of Simply Good Foods in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Simply Good Foods presently has a consensus rating of Buy and a consensus price target of $28.00.

Shares of NASDAQ SMPL opened at $28.54 on Thursday. The company has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $23.17. The company has a market capitalization of $2.24 billion, a P/E ratio of 49.21 and a beta of 0.85. 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 $16.55 and a 1 year high of $30.22.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $139.50 million during the quarter, compared to the consensus estimate of $120.85 million. Simply Good Foods had a net margin of 10.79% and a return on equity of 6.81%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. As a group, research analysts expect that Simply Good Foods will post 0.69 EPS for the current year.

In related news, COO Hanno E. Holm sold 1,750 shares of Simply Good Foods stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $27.87, for a total value of $48,772.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Hanno E. Holm sold 15,983 shares of Simply Good Foods stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $26.88, for a total transaction of $429,623.04. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC acquired a new stake in Simply Good Foods in the 1st quarter valued at approximately $30,000. Aperio Group LLC acquired a new position in shares of Simply Good Foods in the second quarter worth $102,000. NumerixS Investment Technologies Inc acquired a new position in shares of Simply Good Foods in the first quarter worth $92,000. C M Bidwell & Associates Ltd. grew its stake in shares of Simply Good Foods by 42.1% in the second quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Simply Good Foods in the second quarter worth $152,000. Hedge funds and other institutional investors own 86.92% 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.

Featured Article: Cost of Capital

The Fly

Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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.