Handelsbanken Fonder AB Has $7.26 Million Position in The Simply Good Foods Company $SMPL

Handelsbanken Fonder AB lessened its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 546,547 shares of the financial services provider’s stock after selling 44,453 shares during the period. Handelsbanken Fonder AB’s holdings in Simply Good Foods were worth $7,258,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of Simply Good Foods by 0.4% in the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after acquiring an additional 383 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 538 shares during the last quarter. AQR Capital Management LLC raised its holdings in 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 purchasing an additional 617 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Simply Good Foods by 4.1% in the 4th quarter. Cerity Partners LLC now owns 18,000 shares of the financial services provider’s stock worth $361,000 after purchasing an additional 701 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in shares of Simply Good Foods by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 750 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $11.31 on Friday. The Simply Good Foods Company has a one year low of $9.88 and a one year high of $30.36. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -5.21 and a beta of 0.15. The business has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $13.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SMPL has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a research note on Thursday, June 18th. Jefferies Financial Group set a $17.00 price objective on Simply Good Foods in a research note on Tuesday, June 30th. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. DA Davidson reduced their price objective on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Sanford C. Bernstein lowered shares of Simply Good Foods from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $17.00 to $12.00 in a research note on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.20.

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.