Waratah Capital Advisors Ltd. boosted its position in shares of Simply Good Foods Co (NASDAQ:SMPL) by 107.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,249 shares of the financial services provider’s stock after acquiring an additional 76,190 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Simply Good Foods were worth $3,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of Simply Good Foods in the first quarter valued at $30,000. First Quadrant L P CA acquired a new position in shares of Simply Good Foods in the fourth quarter valued at $73,000. Lavaca Capital LLC acquired a new position in shares of Simply Good Foods in the first quarter valued at $88,000. Meeder Asset Management Inc. acquired a new position in shares of Simply Good Foods in the fourth quarter valued at $101,000. Finally, Legal & General Group Plc increased its holdings in shares of Simply Good Foods by 10.6% in the fourth quarter. Legal & General Group Plc now owns 10,953 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 1,046 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:SMPL traded up $0.07 on Thursday, hitting $22.37. The company had a trading volume of 1,939 shares, compared to its average volume of 398,070. Simply Good Foods Co has a 1-year low of $12.96 and a 1-year high of $23.29. The company has a market cap of $1.80 billion, a P/E ratio of 38.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 9.17 and a quick ratio of 7.85.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Simply Good Foods had a net margin of 10.17% and a return on equity of 6.34%. The business had revenue of $123.80 million for the quarter, compared to the consensus estimate of $121.91 million. Simply Good Foods’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect that Simply Good Foods Co will post 0.64 earnings per share for the current year.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. SunTrust Banks downgraded shares of Simply Good Foods from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $23.00 in a report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Buckingham Research upped their price objective on shares of Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Simply Good Foods presently has an average rating of “Buy” and a consensus price target of $23.00.

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Simply Good Foods Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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

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