Vanguard Group Inc. Purchases 249,405 Shares of The Simply Good Foods Company $SMPL

Vanguard Group Inc. grew its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,631,429 shares of the financial services provider’s stock after acquiring an additional 249,405 shares during the period. Vanguard Group Inc. owned about 0.11% of Simply Good Foods worth $213,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Simply Good Foods by 13.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,110 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 5,093 shares during the last quarter. CWM LLC raised its holdings in shares of Simply Good Foods by 117.8% during the fourth quarter. CWM LLC now owns 5,673 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,068 shares in the last quarter. Daytona Street Capital LLC bought a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $159,000. Signaturefd LLC raised its holdings in shares of Simply Good Foods by 3,166.1% during the fourth quarter. Signaturefd LLC now owns 7,806 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 7,567 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Simply Good Foods by 281.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 148,999 shares of the financial services provider’s stock valued at $2,992,000 after acquiring an additional 109,929 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Simply Good Foods

In related news, Director James M. Kilts purchased 80,000 shares of Simply Good Foods stock in a transaction dated Thursday, April 23rd. The stock was purchased at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the completion of the acquisition, the director directly owned 172,854 shares of the company’s stock, valued at $2,141,661.06. The trade was a 86.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.76% of the stock is owned by insiders.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $12.26 on Friday. The Simply Good Foods Company has a fifty-two week low of $10.21 and a fifty-two week high of $36.92. The company has a 50 day simple moving average of $14.01 and a two-hundred day simple moving average of $17.50. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -10.30 and a beta of 0.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06.

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

Wall Street Analyst Weigh In

SMPL has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a report on Friday, April 10th. Zacks Research downgraded Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Morgan Stanley decreased their price target on shares of Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. BTIG Research began coverage on shares of Simply Good Foods in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group upgraded Simply Good Foods from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Hold” and a consensus price target of $21.64.

About Simply Good Foods

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.