Econ Financial Services Corp Purchases Shares of 26,264 The Simply Good Foods Company $SMPL

Econ Financial Services Corp acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 26,264 shares of the financial services provider’s stock, valued at approximately $830,000.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Simply Good Foods by 2.7% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,194,531 shares of the financial services provider’s stock valued at $179,160,000 after buying an additional 134,618 shares during the last quarter. Wellington Management Group LLP lifted its stake in Simply Good Foods by 18.3% during the 1st quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider’s stock valued at $144,703,000 after acquiring an additional 649,258 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Simply Good Foods by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,764,646 shares of the financial services provider’s stock valued at $129,841,000 after acquiring an additional 210,782 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Simply Good Foods by 1.0% during the 2nd quarter. Boston Trust Walden Corp now owns 3,034,123 shares of the financial services provider’s stock worth $95,848,000 after acquiring an additional 31,455 shares during the last quarter. Finally, Woodline Partners LP grew its stake in shares of Simply Good Foods by 10.9% in the 1st quarter. Woodline Partners LP now owns 1,664,755 shares of the financial services provider’s stock worth $57,417,000 after acquiring an additional 163,720 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Down 2.6%

SMPL opened at $19.78 on Wednesday. The Simply Good Foods Company has a twelve month low of $18.47 and a twelve month high of $40.53. The company’s 50-day moving average price is $25.90 and its two-hundred day moving average price is $30.81. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.32 and a beta of 0.53. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The company had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $369.07 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of recent analyst reports. Mizuho dropped their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 15th. Weiss Ratings cut shares of Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. Morgan Stanley set a $24.00 target price on Simply Good Foods in a research note on Monday. UBS Group decreased their price target on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Sanford C. Bernstein set a $45.00 price target on Simply Good Foods and gave the stock an “outperform” rating in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Hold” and a consensus price target of $33.11.

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.