New Age Alpha Advisors LLC Purchases 166,515 Shares of The Simply Good Foods Company $SMPL

New Age Alpha Advisors LLC boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 2,413.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,414 shares of the financial services provider’s stock after purchasing an additional 166,515 shares during the period. New Age Alpha Advisors LLC’s holdings in Simply Good Foods were worth $3,482,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted 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 valued at $36,000 after purchasing an additional 807 shares during the last quarter. Connors Investor Services Inc. increased its position in Simply Good Foods by 211.0% in the 4th quarter. Connors Investor Services Inc. now owns 188,915 shares of the financial services provider’s stock valued at $3,793,000 after acquiring an additional 128,175 shares in the last quarter. William Blair Investment Management LLC increased its position in Simply Good Foods by 28.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock valued at $42,663,000 after acquiring an additional 469,903 shares in the last quarter. Covestor Ltd increased its position in Simply Good Foods by 33.2% in the 4th quarter. Covestor Ltd now owns 6,687 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 1,666 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Simply Good Foods by 190.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,960 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 9,816 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $11.86 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of -9.97 and a beta of 0.21. The firm has a 50 day moving average price of $12.95 and a 200 day moving average price of $16.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06. The Simply Good Foods Company has a 52-week low of $10.21 and a 52-week high of $35.15.

Simply Good Foods (NASDAQ:SMPL) last issued 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. The firm had revenue of $326.01 million during the quarter, compared to analysts’ expectations of $345.08 million. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. Analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current year.

Insider Buying and Selling

In related news, Director Clayton C. Daley, Jr. purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $11.78 per share, with a total value of $117,800.00. Following the completion of the purchase, the director owned 111,743 shares in the company, valued at $1,316,332.54. This represents a 9.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James M. Kilts purchased 80,000 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was bought 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 approximately $2,141,661.06. This represents a 86.16% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 8.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMPL. UBS Group lowered their price objective on shares of Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. DA Davidson restated a “neutral” rating and issued a $39.00 price objective on shares of Simply Good Foods in a research report on Friday, April 10th. Morgan Stanley lowered their price objective on shares of Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Zacks Research cut shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, April 13th. Finally, TD Cowen lowered their price target on shares of Simply Good Foods from $20.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $21.64.

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.