62,936 Shares in The Simply Good Foods Company $SMPL Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 62,936 shares of the financial services provider’s stock, valued at approximately $903,000.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Trust Walden Corp raised its holdings in Simply Good Foods by 10.0% during the first quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider’s stock worth $52,169,000 after purchasing an additional 330,330 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Simply Good Foods by 17.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,955 shares of the financial services provider’s stock valued at $243,000 after buying an additional 2,557 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Simply Good Foods by 114.1% in the 1st quarter. Wesbanco Bank Inc. now owns 68,500 shares of the financial services provider’s stock valued at $983,000 after buying an additional 36,500 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Simply Good Foods in the 1st quarter valued at $542,000. Finally, SG Americas Securities LLC grew its position in shares of Simply Good Foods by 782.6% in the 1st quarter. SG Americas Securities LLC now owns 465,390 shares of the financial services provider’s stock valued at $6,678,000 after buying an additional 412,660 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simply Good Foods

In related news, Director James M. Kilts bought 80,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were bought at an average cost of $12.39 per share, for a total transaction of $991,200.00. Following the purchase, the director owned 172,854 shares of the company’s stock, valued at $2,141,661.06. This trade represents a 86.16% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Clayton C. Daley, Jr. bought 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $11.78 per share, for a total transaction of $117,800.00. Following the completion of the purchase, the director directly owned 111,743 shares in the company, valued at approximately $1,316,332.54. The trade was a 9.83% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 8.76% of the company’s stock.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $13.73 on Friday. The stock has a market cap of $1.24 billion, a P/E ratio of -11.54 and a beta of 0.13. The firm has a fifty day moving average price of $12.31 and a 200 day moving average price of $15.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87. The Simply Good Foods Company has a 1-year low of $10.21 and a 1-year high of $34.19.

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 for the quarter, compared to analyst estimates of $345.08 million. During the same period in the previous year, the business posted $0.46 earnings per share. Simply Good Foods’s quarterly revenue was down 9.4% on a year-over-year basis. Sell-side analysts predict that The Simply Good Foods Company will post 1.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Mizuho set a $19.00 price target on shares of Simply Good Foods in a research report on Monday, May 4th. Stifel Nicolaus dropped their price objective on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 10th. TD Cowen dropped their price objective on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Stephens reissued an “equal weight” rating and issued a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.30.

Simply Good Foods Company 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.