Sei Investments Co. Boosts Stock Position in The Simply Good Foods Company $SMPL

Sei Investments Co. grew its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 1,049.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,874 shares of the financial services provider’s stock after purchasing an additional 131,353 shares during the quarter. Sei Investments Co.’s holdings in Simply Good Foods were worth $2,065,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock worth $213,479,000 after buying an additional 249,405 shares in the last quarter. Pacer Advisors Inc. bought a new position in Simply Good Foods during the fourth quarter valued at approximately $6,499,000. New Age Alpha Advisors LLC raised its stake in shares of Simply Good Foods by 2,413.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 173,414 shares of the financial services provider’s stock worth $3,482,000 after acquiring an additional 166,515 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Simply Good Foods by 230.7% during the fourth quarter. Bessemer Group Inc. now owns 690,863 shares of the financial services provider’s stock worth $13,873,000 after acquiring an additional 481,952 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Simply Good Foods in the 4th quarter worth approximately $5,235,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SMPL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $14.00 price objective on shares of Simply Good Foods in a report on Friday, July 10th. Mizuho set a $19.00 price target on Simply Good Foods in a research report on Monday, May 4th. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. UBS Group set a $15.00 price objective on Simply Good Foods in a research report on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Simply Good Foods currently has a consensus rating of “Hold” and a consensus price target of $15.20.

Simply Good Foods Price Performance

SMPL opened at $11.10 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80. The stock has a market capitalization of $981.91 million, a PE ratio of -5.12 and a beta of 0.15. The stock’s 50 day moving average price is $11.98 and its 200-day moving average price is $13.73. The Simply Good Foods Company has a 52-week low of $9.88 and a 52-week high of $30.36.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The company had revenue of $356.98 million during the quarter, compared to analyst estimates of $332.99 million. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that The Simply Good Foods Company will post 1.54 EPS for the current year.

Insider Transactions at Simply Good Foods

In related news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost of $11.78 per share, for a total transaction of $117,800.00. Following the acquisition, the director owned 111,743 shares of the company’s stock, valued at $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.76% of the company’s stock.

Simply Good Foods Company 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.