WINTON GROUP Ltd Buys New Position in The Simply Good Foods Company $SMPL

WINTON GROUP Ltd bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 4th quarter, HoldingsChannel reports. The firm bought 260,704 shares of the financial services provider’s stock, valued at approximately $5,235,000.

Several other hedge funds have also modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Simply Good Foods by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock valued at $2,795,000 after buying an additional 383 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares during the period. AQR Capital Management LLC increased its holdings in Simply Good Foods by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 617 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Simply Good Foods by 3.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 750 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 807 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James M. Kilts acquired 80,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, April 23rd. The stock was acquired at an average price of $12.39 per share, for a total transaction of $991,200.00. Following the transaction, the director directly owned 172,854 shares of the company’s stock, valued at $2,141,661.06. This trade represents a 86.16% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clayton C. Daley, Jr. acquired 10,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $11.78 per share, with a total value of $117,800.00. Following the transaction, the director directly owned 111,743 shares in the company, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 8.76% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the topic of several analyst reports. BTIG Research initiated coverage on Simply Good Foods in a report on Monday, April 13th. They set a “neutral” rating on the stock. TD Cowen dropped their price objective on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Sanford C. Bernstein downgraded Simply Good Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.00 to $12.00 in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $14.00 price target (down from $24.00) on shares of Simply Good Foods in a report on Friday, April 10th. Finally, Morgan Stanley lowered their price target on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $19.82.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $11.94 on Friday. The Simply Good Foods Company has a twelve month low of $10.21 and a twelve month high of $34.32. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -10.03 and a beta of 0.17. The business has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $16.20.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $326.01 million during the quarter, compared to analyst estimates of $345.08 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, equities research analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

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.