Simply Good Foods (NASDAQ:SMPL – Get Free Report) had its price target cut by research analysts at Stephens from $44.00 to $42.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 29.83% from the stock’s current price.
A number of other research analysts also recently weighed in on SMPL. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Simply Good Foods in a research report on Friday, June 28th. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and an average target price of $40.50.
Check Out Our Latest Analysis on SMPL
Simply Good Foods Trading Down 0.5 %
Insider Activity at Simply Good Foods
In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the completion of the transaction, the senior vice president now directly owns 19,319 shares in the company, valued at approximately $665,346.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.98% of the company’s stock.
Institutional Investors Weigh In On Simply Good Foods
A number of hedge funds have recently modified their holdings of SMPL. Wellington Management Group LLP acquired a new stake in shares of Simply Good Foods during the fourth quarter worth about $4,878,000. Diversified Trust Co grew its position in shares of Simply Good Foods by 55.6% during the first quarter. Diversified Trust Co now owns 32,353 shares of the financial services provider’s stock worth $1,101,000 after acquiring an additional 11,560 shares during the last quarter. Congress Wealth Management LLC DE grew its position in Simply Good Foods by 5.5% in the 1st quarter. Congress Wealth Management LLC DE now owns 198,854 shares of the financial services provider’s stock valued at $6,767,000 after buying an additional 10,376 shares during the last quarter. Norden Group LLC grew its position in Simply Good Foods by 1,949.9% in the 1st quarter. Norden Group LLC now owns 210,690 shares of the financial services provider’s stock valued at $7,170,000 after buying an additional 200,412 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Simply Good Foods in the 1st quarter valued at $286,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.
About Simply Good Foods
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.
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