Engineers Gate Manager LP boosted its holdings in shares of Simply Good Foods Co (NASDAQ:SMPL) by 435.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,106 shares of the financial services provider’s stock after purchasing an additional 52,128 shares during the period. Engineers Gate Manager LP owned about 0.08% of Simply Good Foods worth $1,247,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Bank of Montreal Can purchased a new position in Simply Good Foods during the 2nd quarter valued at about $124,000. Cubist Systematic Strategies LLC purchased a new position in Simply Good Foods during the 1st quarter valued at about $143,000. Legal & General Group Plc increased its holdings in Simply Good Foods by 979.2% during the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 8,989 shares during the period. WINTON GROUP Ltd purchased a new position in Simply Good Foods during the 1st quarter valued at about $162,000. Finally, SG Americas Securities LLC bought a new stake in Simply Good Foods during the 2nd quarter valued at approximately $179,000. Institutional investors own 80.58% of the company’s stock.
Shares of SMPL opened at $19.82 on Friday. The company has a current ratio of 6.07, a quick ratio of 5.09 and a debt-to-equity ratio of 0.28. Simply Good Foods Co has a 52 week low of $11.75 and a 52 week high of $20.05. The company has a market capitalization of $1.55 billion, a PE ratio of 34.17 and a beta of 0.65.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Simply Good Foods had a return on equity of 6.73% and a net margin of 16.33%. The firm had revenue of $108.30 million for the quarter, compared to analysts’ expectations of $111.25 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Simply Good Foods Co will post 0.6 earnings per share for the current fiscal year.
Several analysts have weighed in on SMPL shares. Zacks Investment Research cut Simply Good Foods from a “buy” rating to a “sell” rating in a research report on Wednesday, October 10th. Buckingham Research started coverage on Simply Good Foods in a research report on Wednesday, October 17th. They set a “buy” rating and a $22.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.33.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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