Legal & General Group Plc Acquires New Stake in The Simply Good Foods Company $SMPL

Legal & General Group Plc acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 193,213 shares of the financial services provider’s stock, valued at approximately $2,566,000.

A number of other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of 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 valued at $31,000 after buying an additional 538 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in Simply Good Foods in the 3rd quarter valued at about $36,000. Hantz Financial Services Inc. raised its stake in Simply Good Foods by 82.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 807 shares during the period. Parallel Advisors LLC lifted its holdings in Simply Good Foods by 167.4% during the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Leonteq Securities AG lifted its holdings in Simply Good Foods by 96.2% during the first quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,132 shares during the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Simply Good Foods

Here are the key news stories impacting Simply Good Foods this week:

• Negative Sentiment: Several law firms, including Robbins Geller, Kaplan Fox, Rosen, and others, say a class action has been filed on behalf of investors who purchased SMPL shares between October 24, 2024, and April 8, 2026. The firms allege that Simply Good Foods and certain executives violated securities laws by failing to disclose material problems affecting its OWYN brand. Robbins Geller SMPL class action announcement
• Negative Sentiment: The central allegations concern a switch to an inferior pea-protein supplier for OWYN products, which allegedly caused taste, texture, and shelf-life problems. The shareholder notices claim OWYN sales subsequently contracted by nearly 17% and the brand was hit with a $187 million write-down, potentially exposing the company to damages and further scrutiny. These are allegations, and the company’s liability has not been established. SMPL shareholder alert and OWYN allegations
• Neutral Sentiment: Investors who acquired shares during the stated class period have until October 13, 2026, to seek appointment as lead plaintiff. The deadline is a procedural step and does not determine the merits of the case, but continued law-firm announcements keep the dispute in focus for the market. Rosen SMPL class action deadline notice

Simply Good Foods Stock Performance

Simply Good Foods stock opened at $11.45 on Friday. The Simply Good Foods Company has a 1-year low of $9.88 and a 1-year high of $28.95. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.01 billion, a PE ratio of -5.28 and a beta of 0.17. The firm’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $12.74.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SMPL shares. Sanford C. Bernstein downgraded shares of Simply Good Foods from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $17.00 to $12.00 in a research note on Wednesday, June 3rd. Truist Financial set a $11.00 price objective on shares of Simply Good Foods in a report on Wednesday, August 26th. UBS Group set a $15.00 price objective on shares of Simply Good Foods in a research note on Friday, July 10th. Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $14.00 price target on shares of Simply Good Foods in a report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.45.

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.