The Simply Good Foods Company $SMPL Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 45.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 469,445 shares of the financial services provider’s stock after purchasing an additional 145,771 shares during the quarter. Pacer Advisors Inc.’s holdings in Simply Good Foods were worth $6,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SMPL. EverSource Wealth Advisors LLC raised its stake in shares of Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after buying an additional 538 shares during the last quarter. Leonteq Securities AG boosted its position in shares of Simply Good Foods by 96.2% in the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,132 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Simply Good Foods by 82.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 807 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Simply Good Foods in the 3rd quarter valued at about $36,000. Finally, Parallel Advisors LLC increased its holdings in Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 1.3%

Simply Good Foods stock opened at $11.18 on Thursday. The stock has a 50-day moving average price of $12.00 and a 200 day moving average price of $13.87. The Simply Good Foods Company has a 52 week low of $9.88 and a 52 week high of $30.36. The stock has a market cap of $988.99 million, a PE ratio of -5.15 and a beta of 0.15. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. Simply Good Foods had a negative net margin of 14.28% and a positive return on equity of 9.34%. The company had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts predict that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

SMPL has been the subject of a number of research reports. DA Davidson cut their target price on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. BTIG Research started coverage on shares of Simply Good Foods in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Stephens reissued an “equal weight” rating and set a $14.00 price objective (down from $24.00) on shares of Simply Good Foods in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $14.00 price objective on shares of Simply Good Foods in a research report on Friday, July 10th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Simply Good Foods in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Simply Good Foods currently has a consensus rating of “Hold” and an average price target of $15.20.

Insider Buying and Selling at Simply Good Foods

In other news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $11.78 per share, with a total value of $117,800.00. Following the completion of the transaction, the director directly owned 111,743 shares in the company, valued at approximately $1,316,332.54. This represents a 9.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.76% of the stock is currently owned by corporate insiders.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.