Public Sector Pension Investment Board Acquires 47,660 Shares of The Simply Good Foods Company $SMPL

Public Sector Pension Investment Board grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 15.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 360,768 shares of the financial services provider’s stock after acquiring an additional 47,660 shares during the period. Public Sector Pension Investment Board’s holdings in Simply Good Foods were worth $8,954,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SMPL. Y Intercept Hong Kong Ltd purchased a new position in shares of Simply Good Foods during the second quarter valued at about $612,000. Econ Financial Services Corp bought a new position in Simply Good Foods during the second quarter valued at approximately $830,000. Thornburg Investment Management Inc. bought a new position in Simply Good Foods during the second quarter valued at approximately $8,238,000. Savoir Faire Capital Management L.P. grew its holdings in Simply Good Foods by 96.8% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 145,956 shares of the financial services provider’s stock valued at $3,623,000 after buying an additional 71,773 shares in the last quarter. Finally, Norges Bank bought a new stake in Simply Good Foods in the 2nd quarter worth approximately $36,419,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 0.6%

SMPL stock opened at $15.95 on Tuesday. The Simply Good Foods Company has a twelve month low of $15.85 and a twelve month high of $38.79. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.25. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The firm’s fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $22.58.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $340.20 million during the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. As a group, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on SMPL. Jefferies Financial Group lowered their target price on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Mizuho set a $30.00 price target on shares of Simply Good Foods in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $22.00 price objective on shares of Simply Good Foods in a research note on Monday, December 15th. UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned 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.com, the company presently has an average rating of “Hold” and an average target price of $29.67.

Simply Good Foods 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.