Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Simply Good Foods Co before investing.

In this article, we go over a few key elements for understanding Simply Good Foods Co’s stock price such as:

• Simply Good Foods Co’s current stock price and volume
• Why Simply Good Foods Co’s stock price changed recently
• Upgrades and downgrades for SMPL from analysts
• SMPL’s stock price momentum as measured by its relative strength

About Simply Good Foods Co (SMPL)

Before we jump into Simply Good Foods Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

The Simply Good Foods Company is a consumer-packaged food and beverage company. The product portfolio the Company develops, markets, and sells consists primarily of protein bars, ready-to-drink (RTD) shakes, sweet and salty snacks, and confectionery products marketed under the Atkins, and Quest brand names. The Company's nutritious snacking platform consists of brands that specialize in providing products for consumers that follow certain nutritional philosophies and health-and-wellness trends. Atkins brand specializes in providing products for consumers following a low-carb lifestyle or seeking to lose weight, and Quest brand for consumers seeking a variety of protein-rich foods and beverages. Atkins brand products consist of protein bars, RTD shakes, confections, cookies, and chips. It distributes its products in retail channels, primarily in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, specialty, and other channels.

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Simply Good Foods Co’s Stock Price as of Market Close

As of March 20, 2024, 4:00 PM, CST, Simply Good Foods Co’s stock price was $33.49.

Simply Good Foods Co is down 6.3% from its previous closing price of $35.74.

During the last market session, Simply Good Foods Co’s stock traded between $34.09 and $35.81. Currently, there are 99.63 million shares of Simply Good Foods Co stock available for purchase.

Simply Good Foods Co’s price-earnings (P/E) ratio is currently at 27.1, which is high compared to the Food Processing industry median of 18.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Simply Good Foods Co Stock Price History

Simply Good Foods Co’s (SMPL) price is currently down 5.61% so far this month.

During the month of March, Simply Good Foods Co’s stock price has reached a high of $35.91 and a low of $32.86.

Over the last year, Simply Good Foods Co has hit prices as high as $43.00 and as low as $31.06. Year to date, Simply Good Foods Co’s stock is down 11.94%.

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What Caused Simply Good Foods Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 19, 2024, there was 1 analyst who downgraded Simply Good Foods Co’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Simply Good Foods Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Simply Good Foods Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Simply Good Foods Co’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Simply Good Foods Co (SMPL) by visiting AAII Stock Evaluator.

Relative Price Strength of Simply Good Foods Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 19, 2024, Simply Good Foods Co has a weighted four-quarter relative price strength of -9.11%, which translates to a Momentum Score of 39 and is considered to be Weak.

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Simply Good Foods Co Stock Price: Bottom Line

As of March 20, 2024, Simply Good Foods Co’s stock price is $33.49, which is down 6.3% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Simply Good Foods Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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