The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 126.2% during the first quarter, Holdings Channel reports. The fund owned 66,620 shares of the financial services provider’s stock after purchasing an additional 37,164 shares during the quarter. GSA Capital Partners LLP’s holdings in Simply Good Foods were worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. FMR LLC boosted its stake in shares of Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider’s stock valued at $372,890,000 after acquiring an additional 4,437,372 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Simply Good Foods by 10.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider’s stock valued at $148,558,000 after acquiring an additional 366,072 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Simply Good Foods by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider’s stock valued at $138,528,000 after acquiring an additional 90,444 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Simply Good Foods by 23.5% during the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider’s stock valued at $138,232,000 after acquiring an additional 674,618 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of Simply Good Foods by 1.7% during the fourth 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 acquiring an additional 31,855 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

SMPL has been the topic of a number of analyst reports. Wall Street Zen lowered Simply Good Foods from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. UBS Group set a $36.00 price target on Simply Good Foods and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Morgan Stanley raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Stifel Nicolaus decreased their price target on Simply Good Foods from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, June 27th. Finally, Sanford C. Bernstein set a $45.00 price target on Simply Good Foods and gave the stock an “outperform” rating in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.88.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL opened at $32.07 on Tuesday. The company has a market cap of $3.22 billion, a P/E ratio of 22.43, a PEG ratio of 3.25 and a beta of 0.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. The Simply Good Foods Company has a one year low of $30.47 and a one year high of $40.53. The business’s 50-day simple moving average is $33.12 and its 200 day simple moving average is $34.98.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $380,956 billion for the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. On average, sell-side analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Insider Activity at Simply Good Foods

In related news, CEO Geoff E. Tanner bought 6,050 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were acquired at an average cost of $33.11 per share, for a total transaction of $200,315.50. Following the acquisition, the chief executive officer owned 98,190 shares in the company, valued at $3,251,070.90. This represents a 6.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 9.35% of the company’s stock.

Simply Good Foods Profile

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.