The Simply Good Foods Company (SMPL) Now Covered by Berenberg Bank

Investment analysts at Berenberg Bank initiated coverage on shares of The Simply Good Foods Company (NASDAQ:SMPL) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $15.00 price target on the financial services provider’s stock. Berenberg Bank’s target price suggests a potential upside of 20.77% from the stock’s current price.

Separately, The Goldman Sachs Group, Inc. started coverage on shares of The Simply Good Foods in a report on Wednesday, October 4th. They issued a “buy” rating and a $16.00 price objective on the stock.

Shares of The Simply Good Foods (SMPL) traded up $0.03 on Thursday, reaching $12.42. 289,935 shares of the company’s stock were exchanged, compared to its average volume of 290,055. The Simply Good Foods has a twelve month low of $10.20 and a twelve month high of $13.06.

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Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of The Simply Good Foods during the third quarter valued at approximately $142,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of The Simply Good Foods during the third quarter valued at approximately $223,000. Bank of New York Mellon Corp purchased a new stake in shares of The Simply Good Foods during the third quarter valued at approximately $371,000. Wells Fargo & Company MN purchased a new stake in shares of The Simply Good Foods during the third quarter valued at approximately $493,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of The Simply Good Foods during the third quarter valued at approximately $488,000. Hedge funds and other institutional investors own 0.15% of the company’s stock.

The 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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