Simply Good Foods (NASDAQ:SMPL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 equities research analysts have also recently issued reports about the company. SunTrust Banks began coverage on Simply Good Foods in a research note on Thursday, February 1st. They set a “buy” rating and a $17.00 price objective for the company. Stifel Nicolaus began coverage on Simply Good Foods in a research note on Monday, January 22nd. They set a “buy” rating and a $16.00 price objective for the company. Finally, Berenberg Bank began coverage on Simply Good Foods in a research note on Thursday, November 16th. They set a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $16.00.
Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Tuesday, January 9th. The financial services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $106.59 million during the quarter, compared to analyst estimates of $105.70 million. equities research analysts anticipate that Simply Good Foods will post 0.54 earnings per share for the current fiscal year.
In other Simply Good Foods news, Director Robert G. Montgomery bought 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of $12.40 per share, with a total value of $62,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.23% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Simply Good Foods by 7.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,353,498 shares of the financial services provider’s stock valued at $76,341,000 after acquiring an additional 378,292 shares during the period. Champlain Investment Partners LLC acquired a new position in Simply Good Foods in the fourth quarter valued at about $17,342,000. Lazard Asset Management LLC grew its stake in Simply Good Foods by 3.8% in the fourth quarter. Lazard Asset Management LLC now owns 874,733 shares of the financial services provider’s stock valued at $12,473,000 after acquiring an additional 31,643 shares during the period. Davidson Kempner Capital Management LP acquired a new position in Simply Good Foods in the third quarter valued at about $8,483,000. Finally, Highbridge Capital Management LLC acquired a new position in Simply Good Foods in the third quarter valued at about $5,781,000. 74.16% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/03/14/simply-good-foods-smpl-upgraded-by-zacks-investment-research-to-hold.html.
About Simply Good Foods
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.
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.