CIBC Asset Management Inc Purchases Shares of 6,379 The Simply Good Foods Company (NASDAQ:SMPL)

CIBC Asset Management Inc purchased a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,379 shares of the financial services provider’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in shares of Simply Good Foods by 1.9% in the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock worth $928,000 after acquiring an additional 498 shares during the last quarter. Cynosure Group LLC grew its stake in shares of Simply Good Foods by 4.9% in the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Simply Good Foods by 3.9% in the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 501 shares during the last quarter. Quarry LP grew its stake in shares of Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Simply Good Foods in the fourth quarter worth $26,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SMPL. Mizuho lowered their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Citigroup lowered their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Down 0.3 %

Shares of SMPL stock opened at $37.28 on Wednesday. The stock has a market cap of $3.77 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. The stock has a fifty day moving average price of $37.28 and a 200 day moving average price of $35.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. Analysts predict that The Simply Good Foods Company will post 1.78 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.