The Simply Good Foods Company $SMPL Shares Bought by Renaissance Group LLC

Renaissance Group LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 31.6% during the 2nd quarter, Holdings Channel reports. The firm owned 125,643 shares of the financial services provider’s stock after buying an additional 30,148 shares during the quarter. Renaissance Group LLC’s holdings in Simply Good Foods were worth $3,969,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in Simply Good Foods during the second quarter worth $612,000. Econ Financial Services Corp acquired a new position in shares of Simply Good Foods during the 2nd quarter worth about $830,000. Intech Investment Management LLC raised its position in shares of Simply Good Foods by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 62,005 shares of the financial services provider’s stock worth $2,139,000 after purchasing an additional 18,801 shares during the last quarter. Voya Investment Management LLC lifted its stake in Simply Good Foods by 33.2% in the 1st quarter. Voya Investment Management LLC now owns 79,703 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 19,887 shares in the last quarter. Finally, Woodline Partners LP boosted its holdings in Simply Good Foods by 10.9% in the 1st quarter. Woodline Partners LP now owns 1,664,755 shares of the financial services provider’s stock worth $57,417,000 after buying an additional 163,720 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Down 1.5%

Shares of NASDAQ SMPL opened at $19.39 on Thursday. The stock has a market cap of $1.94 billion, a P/E ratio of 19.01, a PEG ratio of 3.40 and a beta of 0.47. The business’s fifty day simple moving average is $23.03 and its 200-day simple moving average is $28.94. The Simply Good Foods Company has a 12-month low of $18.47 and a 12-month 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.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The company had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. During the same period in the prior year, the business earned $0.50 EPS. Simply Good Foods’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. As a group, equities analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Simply Good Foods news, CAO Timothy Allen Matthews sold 5,859 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total value of $114,074.73. Following the sale, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at approximately $351,725.55. This represents a 24.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Christopher J. Bealer bought 9,946 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $20.01 per share, with a total value of $199,019.46. Following the purchase, the chief financial officer owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. This represents a 43.21% increase in their position. The SEC filing for this purchase provides additional information. 9.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on SMPL shares. Zacks Research cut Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. UBS Group reduced their price objective on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Morgan Stanley set a $24.00 price target on Simply Good Foods in a report on Monday, October 27th. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a research report on Friday, October 24th. Finally, Weiss Ratings downgraded shares of Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Simply Good Foods has a consensus rating of “Hold” and a consensus price target of $32.22.

Simply Good Foods Company Profile

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.