Fintel reports that on December 8, 2023, DA Davidson initiated coverage of Simply Good Foods (NASDAQ:SMPL) with a Neutral recommendation.
Analyst Price Forecast Suggests 7.73% Upside
As of November 27, 2023, the average one-year price target for Simply Good Foods is 43.49. The forecasts range from a low of 37.37 to a high of $51.45. The average price target represents an increase of 7.73% from its latest reported closing price of 40.37.
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The projected annual revenue for Simply Good Foods is 1,357MM, an increase of 9.20%. The projected annual non-GAAP EPS is 1.82.
What is the Fund Sentiment?
There are 582 funds or institutions reporting positions in Simply Good Foods. This is an increase of 21 owner(s) or 3.74% in the last quarter. Average portfolio weight of all funds dedicated to SMPL is 0.20%, a decrease of 6.49%. Total shares owned by institutions decreased in the last three months by 0.48% to 112,537K shares. 
The put/call ratio of SMPL is 0.18, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 6,162K shares representing 6.19% ownership of the company. In it's prior filing, the firm reported owning 6,134K shares, representing an increase of 0.44%. The firm decreased its portfolio allocation in SMPL by 2.40% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 6,118K shares representing 6.14% ownership of the company. In it's prior filing, the firm reported owning 5,927K shares, representing an increase of 3.12%. The firm increased its portfolio allocation in SMPL by 1.02% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 5,898K shares representing 5.92% ownership of the company. In it's prior filing, the firm reported owning 5,870K shares, representing an increase of 0.46%. The firm increased its portfolio allocation in SMPL by 0.11% over the last quarter.
T. Rowe Price Investment Management holds 3,314K shares representing 3.33% ownership of the company. In it's prior filing, the firm reported owning 3,295K shares, representing an increase of 0.58%. The firm decreased its portfolio allocation in SMPL by 1.52% over the last quarter.
Champlain Investment Partners holds 3,136K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 2,504K shares, representing an increase of 20.17%. The firm increased its portfolio allocation in SMPL by 24.58% over the last quarter.
Simply Good Foods Background Information
(This description is provided by the company.)
The Simply Good Foods Company, headquartered in Denver, Colorado, is a highly-focused food company with a product portfolio consisting primarily of nutrition bars, ready-to-drink shakes, sweet and salty snacks and confectionery products marketed under the Atkins®, Quest®, and Atkins Endulge® brand names. Simply Good Foods is poised to expand its wellness platform through innovation and organic growth along with investment opportunities in the snacking space and broader food category. Simply Good Foods aims to lead the nutritious snacking movement with trusted brands that offer a variety of convenient, innovative, great-tasting, better-for-you snacks and meal replacements.
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