Lombard Odier Asset Management USA Corp Buys 17,079 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Lombard Odier Asset Management USA Corp raised its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 57.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 46,562 shares of the financial services provider’s stock after purchasing an additional 17,079 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Simply Good Foods were worth $1,682,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Simply Good Foods by 1.6% in the first quarter. Vanguard Group Inc. now owns 11,099,351 shares of the financial services provider’s stock worth $377,711,000 after acquiring an additional 174,157 shares during the period. Champlain Investment Partners LLC lifted its position in shares of Simply Good Foods by 27.7% in the first quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after buying an additional 854,550 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Simply Good Foods by 6.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after buying an additional 203,914 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Simply Good Foods by 14.3% in the second quarter. Principal Financial Group Inc. now owns 1,474,736 shares of the financial services provider’s stock worth $53,282,000 after buying an additional 184,539 shares in the last quarter. Finally, Congress Asset Management Co. MA lifted its position in shares of Simply Good Foods by 7.4% in the first quarter. Congress Asset Management Co. MA now owns 1,313,011 shares of the financial services provider’s stock worth $44,682,000 after buying an additional 90,154 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. Needham & Company LLC reiterated a “buy” rating and issued a $41.00 target price on shares of Simply Good Foods in a research report on Friday, June 28th. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Finally, Stifel Nicolaus upped their price objective on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Simply Good Foods currently has an average rating of “Moderate Buy” and an average price target of $40.29.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total value of $36,437.52. Following the sale, the senior vice president now directly owns 19,319 shares in the company, valued at $665,346.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 10.98% of the company’s stock.

Simply Good Foods Trading Down 1.2 %

Shares of NASDAQ SMPL opened at $33.89 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19. The business’s 50 day moving average price is $33.38 and its 200-day moving average price is $34.71. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.25 and a beta of 0.62.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The firm had revenue of $334.80 million for the quarter, compared to the consensus estimate of $337.66 million. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that The Simply Good Foods Company will post 1.69 earnings per share for the current year.

Simply Good Foods 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.