Fox Run Management L.L.C. Makes New $1.39 Million Investment in The Simply Good Foods Company $SMPL

Fox Run Management L.L.C. purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 55,946 shares of the financial services provider’s stock, valued at approximately $1,389,000. Fox Run Management L.L.C. owned approximately 0.06% of Simply Good Foods as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Simply Good Foods by 9.0% during the first quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock valued at $2,448,000 after purchasing an additional 5,893 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Simply Good Foods by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after buying an additional 617 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Simply Good Foods by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 2,850 shares during the last quarter. Caxton Associates LLP bought a new position in Simply Good Foods in the 1st quarter worth $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Simply Good Foods by 10.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock worth $7,734,000 after acquiring an additional 21,696 shares during the period. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $16.87 on Thursday. The Simply Good Foods Company has a 12 month low of $15.30 and a 12 month high of $38.16. The company has a market capitalization of $1.56 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.25 and a beta of 0.25. The stock has a 50 day moving average of $18.88 and a two-hundred day moving average of $21.98. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data 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 analysts’ expectations of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.Simply Good Foods’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SMPL. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price target on shares of Simply Good Foods in a report on Monday, December 15th. UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Mizuho set a $30.00 price target on Simply Good Foods in a research report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.67.

Simply Good Foods Profile

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.