Savoir Faire Capital Management L.P. Decreases Holdings in The Simply Good Foods Company $SMPL

Savoir Faire Capital Management L.P. trimmed its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 33.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 96,702 shares of the financial services provider’s stock after selling 49,254 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Simply Good Foods were worth $1,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd raised its stake in shares of Simply Good Foods by 740.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 162,845 shares of the financial services provider’s stock worth $4,042,000 after purchasing an additional 143,458 shares in the last quarter. Clark Estates Inc. NY bought a new stake in shares of Simply Good Foods in the 3rd quarter valued at approximately $1,986,000. Magnetar Financial LLC increased its holdings in Simply Good Foods by 134.0% in the third quarter. Magnetar Financial LLC now owns 141,076 shares of the financial services provider’s stock worth $3,502,000 after buying an additional 80,795 shares during the last quarter. Tudor Investment Corp ET AL raised its position in Simply Good Foods by 468.7% during the third quarter. Tudor Investment Corp ET AL now owns 208,385 shares of the financial services provider’s stock valued at $5,172,000 after acquiring an additional 171,745 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Simply Good Foods by 802.8% during the third quarter. GSA Capital Partners LLP now owns 67,780 shares of the financial services provider’s stock valued at $1,682,000 after acquiring an additional 60,272 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. Jefferies Financial Group raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Monday, March 16th. DA Davidson reiterated a “neutral” rating and issued a $39.00 price objective on shares of Simply Good Foods in a report on Friday, April 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Finally, Stephens restated an “equal weight” rating and set a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.64.

Insider Transactions at Simply Good Foods

In other news, Director James M. Kilts bought 80,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the purchase, the director owned 172,854 shares of the company’s stock, valued at $2,141,661.06. This represents a 86.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.76% of the company’s stock.

Simply Good Foods Stock Down 1.6%

Shares of Simply Good Foods stock opened at $13.37 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -11.24 and a beta of 0.33. The company has a quick ratio of 2.87, a current ratio of 5.06 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $14.28 and a two-hundred day moving average price of $17.84. The Simply Good Foods Company has a 12-month low of $10.21 and a 12-month high of $36.99.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The company had revenue of $326.01 million for the quarter, compared to analyst estimates of $345.08 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. Equities analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.