Smartleaf Asset Management LLC Boosts Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Smartleaf Asset Management LLC boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 255.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,710 shares of the financial services provider’s stock after purchasing an additional 1,229 shares during the period. Smartleaf Asset Management LLC’s holdings in Simply Good Foods were worth $66,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Simply Good Foods in the third quarter valued at $27,391,000. Mutual of America Capital Management LLC boosted its holdings in Simply Good Foods by 21.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock valued at $6,521,000 after acquiring an additional 32,561 shares during the period. Quest Partners LLC grew its position in Simply Good Foods by 65.0% in the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 16,268 shares in the last quarter. Tidal Investments LLC increased its stake in Simply Good Foods by 42.7% during the third quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 15,455 shares during the period. Finally, FMR LLC lifted its position in shares of Simply Good Foods by 20.0% during the third quarter. FMR LLC now owns 5,128,827 shares of the financial services provider’s stock worth $178,329,000 after purchasing an additional 855,070 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Up 2.3 %

Shares of NASDAQ:SMPL opened at $36.53 on Monday. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $40.53. The company’s 50 day moving average is $36.97 and its two-hundred day moving average is $36.07. The company has a market cap of $3.69 billion, a PE ratio of 25.91, a P/E/G ratio of 3.23 and a beta of 0.65. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. Simply Good Foods’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SMPL. Mizuho dropped their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Citigroup decreased their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.22.

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.