The Simply Good Foods Company $SMPL Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 28.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,124,640 shares of the financial services provider’s stock after acquiring an additional 469,903 shares during the period. William Blair Investment Management LLC’s holdings in Simply Good Foods were worth $42,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SMPL. Royal Bank of Canada lifted its holdings in Simply Good Foods by 9.0% in the 1st quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock valued at $2,448,000 after acquiring an additional 5,893 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Simply Good Foods by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Simply Good Foods by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock valued at $1,891,000 after acquiring an additional 2,850 shares during the last quarter. Caxton Associates LLP acquired a new stake in Simply Good Foods in the 1st quarter valued at about $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 acquiring an additional 21,696 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SMPL. UBS Group cut their price target on shares of Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Morgan Stanley reduced their price objective on shares of Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Simply Good Foods from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, April 10th. DA Davidson reaffirmed a “neutral” rating and set a $39.00 price objective on shares of Simply Good Foods in a research note on Friday, April 10th. Finally, BTIG Research began coverage on shares of Simply Good Foods in a research note on Monday, April 13th. They set a “neutral” rating for the company. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.64.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, Director Clayton C. Daley, Jr. bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the acquisition, the director directly owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. This trade represents a 9.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James M. Kilts bought 80,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was acquired at an average price of $12.39 per share, for a total transaction of $991,200.00. Following the acquisition, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. 8.76% of the stock is owned by corporate insiders.

Simply Good Foods Price Performance

SMPL stock opened at $11.86 on Monday. 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 Simply Good Foods Company has a one year low of $10.21 and a one year high of $35.15. The firm has a market capitalization of $1.07 billion, a PE ratio of -9.97 and a beta of 0.21. The firm has a 50-day moving average of $13.00 and a two-hundred day moving average of $16.75.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Simply Good Foods had a negative net margin of 7.46% and a positive return on equity of 9.72%. The company had revenue of $326.01 million during the quarter, compared to analyst estimates of $345.08 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down 9.4% on a year-over-year basis. On average, analysts forecast that The Simply Good Foods Company will post 1.54 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.