Tudor Investment Corp ET AL Has $5.17 Million Stake in The Simply Good Foods Company $SMPL

Tudor Investment Corp ET AL boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 468.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,385 shares of the financial services provider’s stock after buying an additional 171,745 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Simply Good Foods were worth $5,172,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in Simply Good Foods during the 3rd quarter worth approximately $31,825,000. Millennium Management LLC grew its position in Simply Good Foods by 482.7% during the 3rd quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock worth $30,932,000 after acquiring an additional 1,032,358 shares during the last quarter. Voloridge Investment Management LLC grew its position in Simply Good Foods by 781.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 902,397 shares of the financial services provider’s stock worth $22,397,000 after acquiring an additional 799,983 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Simply Good Foods by 119.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider’s stock worth $32,607,000 after acquiring an additional 715,110 shares during the last quarter. Finally, Shapiro Capital Management LLC bought a new stake in Simply Good Foods during the 3rd quarter worth approximately $17,175,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SMPL. Sanford C. Bernstein restated an “outperform” rating on shares of Simply Good Foods in a research report 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 restated a “sell (d)” rating on shares of Simply Good Foods in a research report on Monday, December 29th. Zacks Research lowered Simply Good Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price target on shares of Simply Good Foods in a research report on Monday, December 15th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $28.33.

Simply Good Foods Stock Down 0.3%

Shares of SMPL opened at $14.41 on Thursday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.01 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The business’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $19.18. The Simply Good Foods Company has a 52 week low of $13.62 and a 52 week high of $38.15.

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

About Simply Good Foods

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.