Boston Partners Buys 637,038 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Boston Partners increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 109.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,221,285 shares of the financial services provider’s stock after buying an additional 637,038 shares during the quarter. Boston Partners owned about 1.21% of Simply Good Foods worth $47,287,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SMPL. R Squared Ltd bought a new stake in Simply Good Foods in the fourth quarter worth $26,000. Quarry LP lifted its position in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after buying an additional 533 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,229 shares during the last quarter. GAMMA Investing LLC lifted its position in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,201 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

SMPL stock opened at $33.39 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The business has a 50-day moving average price of $36.41 and a 200 day moving average price of $36.20. The company has a market capitalization of $3.37 billion, a P/E ratio of 23.68, a PEG ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Company 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.