Simply Good Foods (SMPL) Earns Buy Rating from Analysts at Buckingham Research

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Research analysts at Buckingham Research started coverage on shares of Simply Good Foods (NASDAQ:SMPL) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a “buy” rating and a $22.00 price target on the financial services provider’s stock. Buckingham Research’s price target points to a potential upside of 15.85% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Consumer Edge began coverage on Simply Good Foods in a research report on Monday, July 2nd. They set an “outperform” rating on the stock. Zacks Investment Research raised Simply Good Foods from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, September 19th. Stifel Nicolaus boosted their price target on Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. Finally, SunTrust Banks boosted their price target on Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Simply Good Foods currently has an average rating of “Buy” and an average target price of $18.33.

Shares of NASDAQ SMPL opened at $18.99 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.88 and a quick ratio of 5.01. Simply Good Foods has a twelve month low of $11.01 and a twelve month high of $19.84.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Simply Good Foods by 16.4% in the second quarter. Janus Henderson Group PLC now owns 4,415,752 shares of the financial services provider’s stock valued at $63,763,000 after purchasing an additional 621,417 shares during the last quarter. BlackRock Inc. grew its position in shares of Simply Good Foods by 282.2% in the second quarter. BlackRock Inc. now owns 3,899,264 shares of the financial services provider’s stock valued at $56,305,000 after purchasing an additional 2,879,079 shares during the last quarter. Millennium Management LLC grew its position in shares of Simply Good Foods by 62.8% in the first quarter. Millennium Management LLC now owns 2,804,550 shares of the financial services provider’s stock valued at $38,506,000 after purchasing an additional 1,082,031 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Simply Good Foods by 2.8% in the first quarter. The Manufacturers Life Insurance Company now owns 1,045,430 shares of the financial services provider’s stock valued at $14,354,000 after purchasing an additional 28,489 shares during the last quarter. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Simply Good Foods in the second quarter valued at approximately $13,743,000. 91.84% of the stock is currently owned by institutional investors.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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Analyst Recommendations for Simply Good Foods (NASDAQ:SMPL)

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