Squarepoint Ops LLC Has $2.25 Million Stock Holdings in The Simply Good Foods Company $SMPL

Squarepoint Ops LLC lifted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 58.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,093 shares of the financial services provider’s stock after purchasing an additional 26,093 shares during the quarter. Squarepoint Ops LLC owned 0.07% of Simply Good Foods worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in Simply Good Foods during the second quarter valued at $612,000. Econ Financial Services Corp purchased a new position in Simply Good Foods during the 2nd quarter valued at about $830,000. Intech Investment Management LLC increased its holdings in shares of Simply Good Foods by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 62,005 shares of the financial services provider’s stock valued at $2,139,000 after purchasing an additional 18,801 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of Simply Good Foods in the second quarter worth approximately $8,238,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Simply Good Foods by 33.2% during the first quarter. Voya Investment Management LLC now owns 79,703 shares of the financial services provider’s stock worth $2,749,000 after purchasing an additional 19,887 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Activity

In related news, CAO Timothy Allen Matthews sold 5,859 shares of Simply Good Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $19.47, for a total value of $114,074.73. Following the transaction, the chief accounting officer owned 18,065 shares in the company, valued at $351,725.55. This trade represents a 24.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher J. Bealer bought 9,946 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average cost of $20.01 per share, with a total value of $199,019.46. Following the transaction, the chief financial officer owned 32,966 shares in the company, valued at approximately $659,649.66. The trade was a 43.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 9.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Weiss Ratings lowered Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Stifel Nicolaus set a $32.00 target price on Simply Good Foods in a research note on Friday, October 24th. Mizuho cut their price target on Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Finally, UBS Group lowered their price target on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Hold” and an average target price of $31.78.

Simply Good Foods Price Performance

NASDAQ SMPL opened at $19.49 on Friday. The Simply Good Foods Company has a fifty-two week low of $18.45 and a fifty-two week high of $40.01. The stock’s 50-day moving average is $20.45 and its two-hundred day moving average is $26.63. The firm has a market cap of $1.95 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 4.93 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 2.30.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The company had revenue of $369.04 million for the quarter, compared to analyst estimates of $369.07 million. During the same period in the prior year, the company posted $0.50 EPS. The business’s revenue was down 1.8% on a year-over-year basis. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal 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.