62,936 Shares in The Simply Good Foods Company $SMPL Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 62,936 shares of the financial services provider’s stock, valued at approximately $903,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned about 0.07% of Simply Good Foods at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock worth $213,479,000 after purchasing an additional 249,405 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Simply Good Foods by 2,413.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 173,414 shares of the financial services provider’s stock valued at $3,482,000 after buying an additional 166,515 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Simply Good Foods in the fourth quarter valued at $6,499,000. Tudor Investment Corp ET AL raised its holdings in shares of Simply Good Foods by 468.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 208,385 shares of the financial services provider’s stock valued at $5,172,000 after buying an additional 171,745 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Simply Good Foods by 230.7% in the 4th quarter. Bessemer Group Inc. now owns 690,863 shares of the financial services provider’s stock valued at $13,873,000 after buying an additional 481,952 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, April 10th. DA Davidson restated a “neutral” rating and issued a $39.00 price target on shares of Simply Good Foods in a research note on Friday, April 10th. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Stifel Nicolaus reduced their price objective on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Jefferies Financial Group set a $17.00 price objective on Simply Good Foods in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Simply Good Foods has an average rating of “Hold” and a consensus target price of $17.30.

Insiders Place Their Bets

In other news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the transaction, the director owned 111,743 shares in the company, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James M. Kilts bought 80,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average price of $12.39 per share, with a total value of $991,200.00. Following the purchase, the director owned 172,854 shares of the company’s stock, valued at approximately $2,141,661.06. This represents a 86.16% increase in their position. The SEC filing for this purchase provides additional information. 8.76% of the stock is currently owned by company insiders.

Simply Good Foods Price Performance

SMPL stock opened at $13.73 on Friday. The company’s 50 day moving average price is $12.31 and its 200 day moving average price is $15.27. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.54 and a beta of 0.13. The Simply Good Foods Company has a fifty-two week low of $10.21 and a fifty-two week high of $34.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The company had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current fiscal 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.