Wells Fargo & Co started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report report published on Monday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $35.00 price objective on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the stock. DA Davidson upped their target price on shares of Simply Good Foods to $33.00 and gave the company a buy rating in a report on Thursday, August 22nd. Buckingham Research upped their target price on shares of Simply Good Foods from $25.00 to $29.00 and gave the company a buy rating in a report on Wednesday, July 3rd. Deutsche Bank upped their target price on shares of Simply Good Foods from $25.00 to $28.00 and gave the company a buy rating in a report on Thursday, July 4th. Zacks Investment Research cut shares of Simply Good Foods from a buy rating to a hold rating in a report on Friday, August 16th. Finally, SunTrust Banks restated a hold rating and issued a $25.00 target price on shares of Simply Good Foods in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Simply Good Foods currently has an average rating of Buy and a consensus price target of $29.00.

Shares of Simply Good Foods stock opened at $30.33 on Monday. The company has a fifty day simple moving average of $27.93 and a 200-day simple moving average of $24.02. Simply Good Foods has a 12-month low of $16.55 and a 12-month high of $31.34. The company has a current ratio of 8.63, a quick ratio of 7.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 52.29 and a beta of 0.80.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Simply Good Foods had a net margin of 10.79% and a return on equity of 6.81%. The business had revenue of $139.50 million during the quarter, compared to analysts’ expectations of $120.85 million. During the same quarter in the prior year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts forecast that Simply Good Foods will post 0.69 earnings per share for the current fiscal year.

In related news, COO Hanno E. Holm sold 1,750 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $27.87, for a total transaction of $48,772.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Hanno E. Holm sold 15,983 shares of the stock in a transaction on Thursday, July 18th. The stock was 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 owned by corporate insiders.

A number of large investors have recently modified their holdings of SMPL. Dimensional Fund Advisors LP boosted its stake in Simply Good Foods by 245.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 834,888 shares of the financial services provider’s stock worth $15,778,000 after purchasing an additional 593,243 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Simply Good Foods by 437.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,742 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 10,370 shares during the period. Quantamental Technologies LLC acquired a new stake in Simply Good Foods during the 1st quarter worth $30,000. Rhumbline Advisers boosted its stake in Simply Good Foods by 1.1% during the 1st quarter. Rhumbline Advisers now owns 89,723 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 959 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Simply Good Foods by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,417,149 shares of the financial services provider’s stock worth $29,179,000 after purchasing an additional 8,515 shares during the period. Hedge funds and other institutional investors own 87.42% 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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Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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