Franklin Resources Inc. Has $30.17 Million Stock Position in The Simply Good Foods Company $SMPL

Franklin Resources Inc. increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 954,972 shares of the financial services provider’s stock after purchasing an additional 89,497 shares during the quarter. Franklin Resources Inc.’s holdings in Simply Good Foods were worth $30,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Simply Good Foods in the first quarter worth about $54,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Simply Good Foods during the first quarter valued at approximately $55,000. Quarry LP lifted its position in shares of Simply Good Foods by 59.7% in the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 751 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Simply Good Foods by 2,055.7% in the 1st quarter. Russell Investments Group Ltd. now owns 3,018 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 2,878 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in Simply Good Foods in the 1st quarter worth approximately $105,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Price Performance

SMPL opened at $19.72 on Thursday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 3.45 and a beta of 0.47. 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 current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $22.34 and a 200 day moving average price of $28.38.

Simply Good Foods (NASDAQ:SMPL) last issued its 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 return on equity of 10.06% and a net margin of 7.14%.The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. During the same period in the previous year, the company earned $0.50 earnings per share. The business’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. Analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Simply Good Foods news, CFO Christopher J. Bealer bought 9,946 shares of Simply Good Foods stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the completion of the purchase, the chief financial officer directly owned 32,966 shares of the company’s stock, valued at $659,649.66. The trade was a 43.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael L. Clawson purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the insider owned 37,620 shares in the company, valued at $752,400. The trade was a 15.33% 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 corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Mizuho cut their target price on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft set a $26.00 price target on Simply Good Foods and gave the company a “hold” rating in a report on Friday, October 24th. Weiss Ratings downgraded Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. UBS Group lowered their target price on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th. Finally, Stifel Nicolaus set a $32.00 target price on Simply Good Foods in a report on Friday, October 24th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.22.

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.