Man Group plc Purchases New Holdings in The Simply Good Foods Company $SMPL

Man Group plc bought a new position in The Simply Good Foods Company (NASDAQ:SMPL) during the second quarter, HoldingsChannel.com reports. The fund bought 412,418 shares of the financial services provider’s stock, valued at approximately $5,477,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Simply Good Foods by 9.0% in the 1st quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock worth $2,448,000 after buying an additional 5,893 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Simply Good Foods by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Simply Good Foods by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock valued at $1,891,000 after purchasing an additional 2,850 shares during the period. Caxton Associates LLP bought a new position in shares of Simply Good Foods during the 1st quarter valued at approximately $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Simply Good Foods by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock worth $7,734,000 after purchasing an additional 21,696 shares during the period. Institutional investors own 88.45% of the company’s stock.

Key Simply Good Foods News

Here are the key news stories impacting Simply Good Foods this week:

• Positive Sentiment: Investors who purchased SMPL shares during the specified class period may be eligible to seek compensation or appointment as lead plaintiff. The deadline to apply is October 13, 2026. Rosen class-action deadline article
• Neutral Sentiment: Several law firms, including Kaplan Fox, Robbins LLP, Rosen Law Firm and others, reiterated that a class action has been filed on behalf of investors who acquired Simply Good Foods securities between October 24, 2024, and April 8, 2026. These releases largely repeat previously reported allegations and solicit investors to participate in the litigation. Kaplan Fox class-action article
• Negative Sentiment: The lawsuits allege that Simply Good Foods and certain executives violated federal securities laws by failing to disclose problems with the OWYN acquisition and integration. The allegations reference the eventual $187 million impairment charge announced in April 2026, following earlier assurances that the $280 million integration was progressing as planned. Plaintiffs contend the disclosures contributed to a decline of more than 27% in the shares. The claims remain allegations and have not been proven in court. SMPL shareholder alert article
• Negative Sentiment: TD Cowen issued a pessimistic forecast for SMPL, adding to concerns about the company’s earnings outlook and valuation. Combined with the litigation over the OWYN impairment, the downgrade-like sentiment may reinforce uncertainty around future growth and management credibility. TD Cowen forecast article

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $10.93 on Friday. The Simply Good Foods Company has a 52 week low of $9.88 and a 52 week high of $28.97. The company has a 50 day moving average price of $11.60 and a 200 day moving average price of $12.91. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $966.88 million, a P/E ratio of -5.04 and a beta of 0.15.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, July 9th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The firm had revenue of $356.98 million during the quarter, compared to the consensus estimate of $332.99 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current year.

Analysts Set New Price Targets

SMPL has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $14.00 price objective on shares of Simply Good Foods in a report on Friday, July 10th. TD Cowen reduced their price objective on Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group set a $15.00 price objective on shares of Simply Good Foods in a research report on Friday, July 10th. Jefferies Financial Group set a $15.00 price target on Simply Good Foods in a report on Wednesday. Finally, DA Davidson reduced their price target on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Simply Good Foods has a consensus rating of “Hold” and an average target price of $14.45.

About Simply Good Foods

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.