Handelsbanken Fonder AB Increases Holdings in The Simply Good Foods Company $SMPL

Handelsbanken Fonder AB boosted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 998,200 shares of the financial services provider’s stock after purchasing an additional 140,000 shares during the quarter. Handelsbanken Fonder AB owned about 1.00% of Simply Good Foods worth $24,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew 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 worth $31,000 after buying an additional 538 shares in the last quarter. CWM LLC raised its holdings in shares of Simply Good Foods by 343.0% in the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 2,017 shares in the last quarter. State of Wyoming purchased a new stake in Simply Good Foods in the second quarter worth about $87,000. Elevation Point Wealth Partners LLC bought a new position in Simply Good Foods during the 2nd quarter worth about $109,000. Finally, Strs Ohio bought a new position in Simply Good Foods during the 1st quarter worth about $114,000. 88.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SMPL shares. UBS Group restated a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. Zacks Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Mizuho set a $30.00 target price on Simply Good Foods in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $22.00 price target on shares of Simply Good Foods in a report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.67.

Simply Good Foods Stock Up 0.1%

Simply Good Foods stock opened at $17.06 on Friday. The Simply Good Foods Company has a 1-year low of $15.30 and a 1-year high of $38.16. The business has a fifty day moving average price of $18.78 and a 200-day moving average price of $21.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.22 and a beta of 0.25.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal 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.