Simply Good Foods Co (NASDAQ:SMPL) – Equities researchers at SunTrust Banks cut their Q2 2019 earnings per share estimates for shares of Simply Good Foods in a report released on Monday, October 15th. SunTrust Banks analyst W. Chappell now forecasts that the financial services provider will earn $0.13 per share for the quarter, down from their prior estimate of $0.14. SunTrust Banks has a “Buy” rating and a $20.00 price objective on the stock. SunTrust Banks also issued estimates for Simply Good Foods’ Q4 2019 earnings at $0.14 EPS.
Several other equities analysts have also issued reports on the company. Buckingham Research assumed coverage on Simply Good Foods in a research report on Wednesday. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research lowered Simply Good Foods from a “buy” rating to a “sell” rating in a research report on Wednesday, October 10th. Stifel Nicolaus boosted their price objective on Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Consumer Edge assumed coverage on Simply Good Foods in a research report on Monday, July 2nd. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMPL. Bank of Montreal Can bought a new stake in Simply Good Foods in the 2nd quarter valued at approximately $124,000. Cubist Systematic Strategies LLC bought a new stake in Simply Good Foods in the 1st quarter valued at approximately $143,000. Legal & General Group Plc lifted its stake in Simply Good Foods by 979.2% in the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 8,989 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Simply Good Foods in the 1st quarter valued at approximately $162,000. Finally, SG Americas Securities LLC bought a new stake in Simply Good Foods in the 2nd quarter valued at approximately $179,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.
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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