Maxi Investments CY Ltd Makes New $1.04 Million Investment in The Simply Good Foods Company $SMPL

Maxi Investments CY Ltd purchased a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 51,700 shares of the financial services provider’s stock, valued at approximately $1,038,000.

Other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 538 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Simply Good Foods during the 3rd quarter valued at $36,000. CWM LLC raised its position in Simply Good Foods by 343.0% in the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 2,017 shares during the period. State of Wyoming bought a new stake in Simply Good Foods in the second quarter worth $87,000. Finally, Strs Ohio bought a new stake in Simply Good Foods in the first quarter worth $114,000. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Performance

Simply Good Foods stock opened at $12.44 on Friday. The company has a current ratio of 5.06, a quick ratio of 2.87 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.13 billion, a P/E ratio of -10.45 and a beta of 0.21. The Simply Good Foods Company has a 1-year low of $10.21 and a 1-year high of $36.92. The firm has a 50-day moving average of $14.01 and a 200-day moving average of $17.50.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $326.01 million during the quarter, compared to analysts’ expectations of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The business’s revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Sell-side analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current year.

Insider Transactions at Simply Good Foods

In related news, Director James M. Kilts acquired 80,000 shares of Simply Good Foods stock in a transaction on Thursday, April 23rd. The shares were acquired at an average cost of $12.39 per share, with a total value of $991,200.00. Following the transaction, the director owned 172,854 shares in the company, valued at $2,141,661.06. This trade represents a 86.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.76% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of recent research reports. Jefferies Financial Group raised Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price objective for the company from $23.00 to $22.00 in a research note on Monday, March 16th. BTIG Research assumed coverage on Simply Good Foods in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Mizuho set a $19.00 target price on Simply Good Foods in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, April 10th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.64.

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.