69,603 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 69,603 shares of the financial services provider’s stock, valued at approximately $2,713,000. Landscape Capital Management L.L.C. owned 0.07% of Simply Good Foods at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SMPL. R Squared Ltd acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC lifted its holdings in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 445 shares during the last quarter. Quarry LP boosted 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 valued at $47,000 after buying an additional 533 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Simply Good Foods by 255.5% during 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. Finally, GAMMA Investing LLC increased its holdings in shares of Simply Good Foods by 215.6% during 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 in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Up 0.3 %

NASDAQ SMPL opened at $34.72 on Friday. 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 Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $40.53. The stock has a market capitalization of $3.51 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The stock has a fifty day moving average of $36.21 and a 200-day moving average of $36.25.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMPL. Morgan Stanley initiated coverage on Simply Good Foods in a report on Monday, March 24th. They issued an “equal weight” rating and a $36.00 target price on the stock. Mizuho reduced their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.56.

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.