AQR Capital Management LLC Boosts Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

AQR Capital Management LLC raised its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 65.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,897 shares of the financial services provider’s stock after purchasing an additional 7,071 shares during the quarter. AQR Capital Management LLC’s holdings in Simply Good Foods were worth $647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Armistice Capital LLC acquired a new stake in Simply Good Foods during the second quarter valued at approximately $34,582,000. Champlain Investment Partners LLC raised its position in shares of Simply Good Foods by 27.7% during the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider’s stock worth $134,061,000 after purchasing an additional 854,550 shares during the period. Victory Capital Management Inc. raised its position in shares of Simply Good Foods by 107.0% during the 2nd quarter. Victory Capital Management Inc. now owns 920,802 shares of the financial services provider’s stock worth $33,269,000 after purchasing an additional 475,928 shares during the period. Marshall Wace LLP raised its position in shares of Simply Good Foods by 276.4% during the 2nd quarter. Marshall Wace LLP now owns 536,174 shares of the financial services provider’s stock worth $19,372,000 after purchasing an additional 393,720 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Simply Good Foods by 6.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,223,666 shares of the financial services provider’s stock worth $116,468,000 after purchasing an additional 203,914 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total value of $36,437.52. Following the completion of the transaction, the senior vice president now owns 19,319 shares of the company’s stock, valued at $665,346.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.98% of the company’s stock.

Simply Good Foods Stock Up 0.1 %

NASDAQ SMPL opened at $33.91 on Monday. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $33.14 and its two-hundred day moving average is $34.75. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.32 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SMPL. DA Davidson raised their target price 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. Needham & Company LLC restated a “buy” rating and issued a $41.00 target price on shares of Simply Good Foods in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.29.

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.