iSAM Funds UK Ltd Has $391,000 Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

iSAM Funds UK Ltd raised its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 36.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,042 shares of the financial services provider’s stock after acquiring an additional 2,693 shares during the quarter. iSAM Funds UK Ltd’s holdings in Simply Good Foods were worth $391,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC lifted its position in Simply Good Foods by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,916,389 shares of the financial services provider’s stock valued at $74,701,000 after purchasing an additional 31,855 shares during the period. ProShare Advisors LLC lifted its position in Simply Good Foods by 41.6% during the 4th quarter. ProShare Advisors LLC now owns 28,624 shares of the financial services provider’s stock valued at $1,116,000 after purchasing an additional 8,415 shares during the period. Man Group plc acquired a new position in Simply Good Foods during the 4th quarter valued at about $10,170,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Simply Good Foods by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,969 shares of the financial services provider’s stock valued at $2,026,000 after purchasing an additional 2,018 shares during the period. Finally, J. Goldman & Co LP acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at approximately $1,349,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, April 10th. DA Davidson increased their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, April 11th. UBS Group assumed coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They issued a “neutral” rating and a $41.00 price target on the stock. Finally, Mizuho increased their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at $478,252.75. This trade represents a 28.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.35% of the company’s stock.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $36.23 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The company has a market capitalization of $3.66 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The company’s 50 day moving average price is $35.36 and its two-hundred day moving average price is $36.78. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.