Boston Partners Has $31.57 Million Position in The Simply Good Foods Company $SMPL

Boston Partners lifted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,006,498 shares of the financial services provider’s stock after acquiring an additional 119,634 shares during the quarter. Boston Partners owned approximately 1.00% of Simply Good Foods worth $31,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Simply Good Foods in the second quarter valued at about $738,000. Savoir Faire Capital Management L.P. lifted its holdings in shares of Simply Good Foods by 39.2% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 74,183 shares of the financial services provider’s stock valued at $2,343,000 after buying an additional 20,903 shares during the last quarter. Econ Financial Services Corp bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at approximately $830,000. Teacher Retirement System of Texas grew its stake 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 valued at $5,124,000 after buying an additional 137,536 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Simply Good Foods in the second quarter worth approximately $612,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the subject of a number of analyst reports. Morgan Stanley set a $24.00 target price on shares of Simply Good Foods in a research note on Monday, October 27th. Mizuho cut their price target on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, October 22nd. Zacks Research cut shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Finally, 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. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Simply Good Foods presently has an average rating of “Hold” and an average target price of $32.22.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $19.56 on Thursday. The Simply Good Foods Company has a 1 year low of $18.47 and a 1 year high of $40.53. The company has a fifty day simple moving average of $23.87 and a 200 day simple moving average of $29.51. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.95 billion, a P/E ratio of 19.18, a P/E/G ratio of 3.29 and a beta of 0.47.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $369.04 million for the quarter, compared to analyst estimates of $369.07 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Simply Good Foods has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Insider Activity

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of Simply Good Foods stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total value of $114,074.73. Following the transaction, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at $351,725.55. The trade was a 24.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Christopher J. Bealer purchased 9,946 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price of $20.01 per share, with a total value of $199,019.46. Following the completion of the acquisition, the chief financial officer owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. The trade was a 43.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 9.35% of the stock is currently owned by insiders.

Simply Good Foods 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.