Clark Estates Inc. NY Makes New Investment in The Simply Good Foods Company $SMPL

Clark Estates Inc. NY bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,000 shares of the financial services provider’s stock, valued at approximately $1,986,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its stake in Simply Good Foods by 0.4% during the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after acquiring an additional 14,089 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Simply Good Foods by 16.0% during the 3rd quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock worth $87,390,000 after purchasing an additional 486,837 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Simply Good Foods by 2.5% in the second quarter. Geode Capital Management LLC now owns 2,310,861 shares of the financial services provider’s stock valued at $73,008,000 after purchasing an additional 55,727 shares in the last quarter. Norges Bank purchased a new stake in shares of Simply Good Foods in the second quarter valued at approximately $36,419,000. Finally, Boston Partners increased its holdings in shares of Simply Good Foods by 13.5% in the second quarter. Boston Partners now owns 1,006,498 shares of the financial services provider’s stock valued at $31,569,000 after purchasing an additional 119,634 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Trading Up 0.8%

Shares of SMPL stock opened at $16.91 on Monday. The Simply Good Foods Company has a 1-year low of $15.30 and a 1-year high of $38.16. The firm has a market cap of $1.57 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.25. The company has a 50-day moving average of $19.02 and a two-hundred day moving average of $22.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results 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. The business had revenue of $340.20 million for the quarter, compared to the consensus estimate of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley set a $24.00 target price on Simply Good Foods in a research note on Monday, October 27th. Zacks Research upgraded shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $29.67.

About Simply Good Foods

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.