Morgan Stanley Maintains a Hold Rating on Simply Good Foods (SMPL)

Brian Anderson - TipRanks - Fri Jul 1, 2022

In a report released today, Pamela Kaufman from Morgan Stanley maintained a Hold rating on Simply Good Foods (SMPL – Research Report), with a price target of $39.00. The companys shares closed last Friday at $38.56.

According to TipRanks.com, Kaufman is a 4-star analyst with an average return of 8.9% and a 62.3% success rate. Kaufman covers the Consumer Goods sector, focusing on stocks such as Mondelez International, The Hershey Company, and BellRing Brands.

Currently, the analyst consensus on Simply Good Foods is a Moderate Buy with an average price target of $45.71, a 22.2% upside from current levels. In a report issued on June 20, Jefferies also maintained a Hold rating on the stock with a $42.00 price target.

See Insiders’ Hot Stocks on TipRanks >> The company has a one-year high of $45.77 and a one-year low of $32.94. Currently, Simply Good Foods has an average volume of 746.8K. Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMPL in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. The Simply Good Foods Co. engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brands. The company was founded on March 30, 2017 and is headquartered in Denver, CO. Read More on SMPL: