Savoir Faire Capital Management L.P. Grows Position in The Simply Good Foods Company $SMPL

Savoir Faire Capital Management L.P. grew its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 39.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,183 shares of the financial services provider’s stock after purchasing an additional 20,903 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Simply Good Foods were worth $2,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Econ Financial Services Corp purchased a new position in shares of Simply Good Foods in the 2nd quarter worth about $830,000. Teacher Retirement System of Texas boosted its holdings in shares of Simply Good Foods by 557.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 162,215 shares of the financial services provider’s stock worth $5,124,000 after buying an additional 137,536 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Simply Good Foods in the 2nd quarter worth about $612,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Simply Good Foods in the 2nd quarter worth about $214,000. Finally, MQS Management LLC boosted its holdings in shares of Simply Good Foods by 105.6% in the 2nd quarter. MQS Management LLC now owns 15,177 shares of the financial services provider’s stock worth $479,000 after buying an additional 7,795 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price target on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. UBS Group decreased their price objective on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Mizuho dropped their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft set a $26.00 target price on shares of Simply Good Foods and gave the stock a “hold” rating in a research report on Friday, October 24th. Finally, Morgan Stanley set a $24.00 price target on shares of Simply Good Foods in a research report on Monday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.11.

Simply Good Foods Stock Down 2.3%

SMPL stock opened at $19.23 on Friday. The stock has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $30.61. The Simply Good Foods Company has a twelve month low of $18.47 and a twelve month high of $40.53. The firm has a market capitalization of $1.93 billion, a PE ratio of 18.85, a PEG ratio of 3.40 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 announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The company had revenue of $369.04 million for the quarter, compared to the consensus estimate of $369.07 million. During the same quarter in the prior year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. On average, equities analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.