JPMorgan Chase & Co. Has $10.86 Million Position in The Simply Good Foods Company $SMPL

JPMorgan Chase & Co. lessened its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 18.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 437,731 shares of the financial services provider’s stock after selling 99,738 shares during the period. JPMorgan Chase & Co. owned 0.46% of Simply Good Foods worth $10,864,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Simply Good Foods during the third quarter worth $36,000. CWM LLC raised its position in shares of Simply Good Foods by 343.0% during the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 2,017 shares during the last quarter. State of Wyoming acquired a new position in shares of Simply Good Foods during the second quarter valued at $87,000. Finally, Strs Ohio acquired a new position in shares of Simply Good Foods during the first quarter valued at $114,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several recent research reports. Mizuho set a $30.00 price objective on Simply Good Foods in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $22.00 target price on shares of Simply Good Foods in a research note on Monday, December 15th. UBS Group reiterated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Zacks Research lowered shares of Simply Good Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $29.11.

Simply Good Foods Trading Down 0.8%

NASDAQ SMPL opened at $14.35 on Friday. The Simply Good Foods Company has a 12 month low of $13.71 and a 12 month high of $38.15. The stock has a 50-day simple moving average of $16.73 and a 200 day simple moving average of $19.88. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.33 billion, a PE ratio of 15.94, a P/E/G ratio of 1.88 and a beta of 0.26.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $340.20 million for the quarter, compared to analysts’ expectations of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The company’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. Research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current year.

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.