Quantbot Technologies LP Raises Stock Holdings in The Simply Good Foods Company $SMPL

Quantbot Technologies LP raised its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 97.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 160,786 shares of the financial services provider’s stock after acquiring an additional 79,305 shares during the period. Quantbot Technologies LP owned approximately 0.16% of Simply Good Foods worth $3,991,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SMPL. Y Intercept Hong Kong Ltd bought a new position in Simply Good Foods in the second quarter valued at about $612,000. Savoir Faire Capital Management L.P. grew its stake in shares of Simply Good Foods by 96.8% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 145,956 shares of the financial services provider’s stock valued at $3,623,000 after purchasing an additional 71,773 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of Simply Good Foods during the 2nd quarter valued at about $8,238,000. Norges Bank purchased a new stake in shares of Simply Good Foods during the 2nd quarter valued at about $36,419,000. Finally, GSA Capital Partners LLP lifted its stake in shares of Simply Good Foods by 802.8% in the 3rd quarter. GSA Capital Partners LLP now owns 67,780 shares of the financial services provider’s stock worth $1,682,000 after purchasing an additional 60,272 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

SMPL opened at $17.06 on Monday. The company has a 50 day simple moving average of $18.78 and a two-hundred day simple moving average of $21.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The firm has a market cap of $1.58 billion, a P/E ratio of 18.96, a PEG ratio of 2.22 and a beta of 0.27. The Simply Good Foods Company has a 1-year low of $15.30 and a 1-year high of $38.16.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho set a $30.00 target price on shares of 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 research note on Monday, December 29th. UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Zacks Research upgraded Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a research report 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.67.

Simply Good Foods Company 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.