Harbor Capital Advisors Inc. Grows Stock Position in The Simply Good Foods Company $SMPL

Harbor Capital Advisors Inc. raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 281.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,999 shares of the financial services provider’s stock after buying an additional 109,929 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Simply Good Foods were worth $2,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Simply Good Foods by 9.0% in 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 period. AQR Capital Management LLC raised its stake in Simply Good Foods by 3.4% during the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 617 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Simply Good Foods by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock worth $1,891,000 after purchasing an additional 2,850 shares during the period. Caxton Associates LLP acquired a new position in shares of Simply Good Foods in the 1st quarter valued at $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 valued at $7,734,000 after purchasing an additional 21,696 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $14.16 on Friday. The firm has a fifty day moving average of $16.07 and a 200-day moving average of $19.49. The Simply Good Foods Company has a 52-week low of $13.62 and a 52-week high of $38.15. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.31 billion, a P/E ratio of 15.73 and a beta of 0.33.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SMPL shares. Mizuho set a $30.00 price objective on Simply Good Foods in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $22.00 target price on shares of Simply Good Foods in a report on Monday, December 15th. Jefferies Financial Group raised Simply Good Foods from a “hold” rating to a “buy” rating and lowered their price target for the company from $23.00 to $22.00 in a research report on Monday, March 16th. UBS Group dropped their price target on Simply Good Foods from $23.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Zacks Research downgraded Simply Good Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Simply Good Foods presently has a consensus rating of “Hold” and an average target price of $28.33.

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.