GSA Capital Partners LLP Purchases 60,272 Shares of The Simply Good Foods Company $SMPL

GSA Capital Partners LLP boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 802.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 67,780 shares of the financial services provider’s stock after purchasing an additional 60,272 shares during the period. GSA Capital Partners LLP’s holdings in Simply Good Foods were worth $1,682,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its stake in shares of Simply Good Foods by 32.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 72,423 shares of the financial services provider’s stock worth $1,798,000 after buying an additional 17,592 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Simply Good Foods by 15.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 360,768 shares of the financial services provider’s stock worth $8,954,000 after acquiring an additional 47,660 shares during the last quarter. Rhumbline Advisers lifted its position in Simply Good Foods by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 267,575 shares of the financial services provider’s stock valued at $6,641,000 after acquiring an additional 1,107 shares in the last quarter. Bessemer Group Inc. boosted its stake in Simply Good Foods by 1.1% during the 3rd quarter. Bessemer Group Inc. now owns 208,911 shares of the financial services provider’s stock valued at $5,185,000 after purchasing an additional 2,275 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Simply Good Foods by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 524,685 shares of the financial services provider’s stock worth $13,023,000 after purchasing an additional 33,679 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Down 2.8%

NASDAQ SMPL opened at $15.51 on Wednesday. The Simply Good Foods Company has a 52 week low of $15.30 and a 52 week high of $38.16. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.44 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.08 and a beta of 0.25. The stock’s 50-day moving average price is $19.15 and its 200-day moving average price is $22.48.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The company had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue was down .3% on a year-over-year basis. On average, equities research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Jefferies Financial Group decreased their target price on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a report on Friday, October 24th. Finally, UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.67.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.