Virtu Financial LLC acquired a new stake in Simply Good Foods Co (NASDAQ:SMPL) during the 4th quarter, HoldingsChannel reports. The firm acquired 21,473 shares of the financial services provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SMPL. Nationwide Fund Advisors acquired a new position in Simply Good Foods in the third quarter valued at approximately $488,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Simply Good Foods in the third quarter valued at approximately $223,000. Bank of New York Mellon Corp acquired a new position in Simply Good Foods in the third quarter valued at approximately $371,000. Wells Fargo & Company MN acquired a new position in Simply Good Foods in the third quarter valued at approximately $493,000. Finally, Sii Investments Inc. WI acquired a new position in Simply Good Foods in the third quarter valued at approximately $798,000. Institutional investors and hedge funds own 74.16% of the company’s stock.

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In other news, Director Robert G. Montgomery bought 5,000 shares of the stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $12.40 per share, with a total value of $62,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.23% of the stock is currently owned by corporate insiders.

Shares of Simply Good Foods Co (NASDAQ:SMPL) opened at $13.49 on Wednesday. Simply Good Foods Co has a 12 month low of $10.93 and a 12 month high of $16.01. The company has a quick ratio of 3.31, a current ratio of 4.20 and a debt-to-equity ratio of 0.31.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, January 9th. The financial services provider reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The business had revenue of $106.59 million for the quarter, compared to analysts’ expectations of $105.70 million. equities analysts expect that Simply Good Foods Co will post 0.54 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, January 10th. SunTrust Banks assumed coverage on shares of Simply Good Foods in a report on Thursday, February 1st. They issued a “buy” rating and a $17.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of Simply Good Foods in a report on Monday, January 22nd. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Berenberg Bank assumed coverage on shares of Simply Good Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $16.00.

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About Simply Good Foods

The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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