Simply Good Foods (NASDAQ:SMPL) Now Covered by Morgan Stanley

Research analysts at Morgan Stanley started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a research report issued on Monday,Benzinga reports. The firm set an “equal weight” rating and a $36.00 price target on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 9.09% from the company’s current price.

Separately, Mizuho reduced their price target on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.56.

Simply Good Foods Trading Down 1.0 %

Shares of SMPL stock opened at $33.00 on Monday. Simply Good Foods has a twelve month low of $30.00 and a twelve month high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $36.34 and its two-hundred day moving average is $36.24. The company has a market capitalization of $3.33 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. During the same period last year, the firm posted $0.43 EPS. Simply Good Foods’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Simply Good Foods will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Simply Good Foods

Several hedge funds have recently modified their holdings of SMPL. FMR LLC raised its position in shares of Simply Good Foods by 86.5% in the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock valued at $372,890,000 after buying an additional 4,437,372 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Simply Good Foods by 10.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider’s stock worth $148,558,000 after acquiring an additional 366,072 shares during the period. State Street Corp raised its holdings in Simply Good Foods by 6.0% in the 3rd quarter. State Street Corp now owns 3,666,190 shares of the financial services provider’s stock valued at $127,473,000 after acquiring an additional 208,070 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider’s stock worth $138,528,000 after purchasing an additional 90,444 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Simply Good Foods by 23.5% during the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider’s stock worth $138,232,000 after purchasing an additional 674,618 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.