Norden Group LLC Acquires Shares of 10,278 The Simply Good Foods Company (NASDAQ:SMPL)

Norden Group LLC acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 10,278 shares of the financial services provider’s stock, valued at approximately $407,000.

Several other institutional investors have also recently bought and sold shares of SMPL. SG Americas Securities LLC bought a new position in Simply Good Foods in the 3rd quarter valued at $1,028,000. Exchange Traded Concepts LLC bought a new stake in shares of Simply Good Foods during the third quarter worth $540,000. Maryland State Retirement & Pension System raised its position in shares of Simply Good Foods by 1.3% during the third quarter. Maryland State Retirement & Pension System now owns 33,367 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 412 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Simply Good Foods by 27.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,698 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 3,371 shares during the last quarter. Finally, Advisor Partners II LLC bought a new stake in shares of Simply Good Foods during the third quarter worth $248,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 6.4 %

NASDAQ:SMPL opened at $36.45 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20. The company has a market cap of $3.64 billion, a PE ratio of 26.22, a PEG ratio of 2.53 and a beta of 0.69. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00. The stock has a 50-day simple moving average of $33.78 and a 200 day simple moving average of $36.80.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, April 4th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Simply Good Foods had a return on equity of 10.12% and a net margin of 11.12%. On average, sell-side analysts expect that The Simply Good Foods Company will post 1.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SMPL. TD Cowen began coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price for the company. Stifel Nicolaus dropped their target price on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. DA Davidson boosted their target price on Simply Good Foods from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating and set a $42.00 price objective on shares of Simply Good Foods in a research note on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.29.

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.