Quantinno Capital Management LP Buys 255,998 Shares of The Simply Good Foods Company $SMPL

Quantinno Capital Management LP raised its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 748.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 290,189 shares of the financial services provider’s stock after purchasing an additional 255,998 shares during the period. Quantinno Capital Management LP’s holdings in Simply Good Foods were worth $4,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Weiss Asset Management LP purchased a new stake in shares of Simply Good Foods during the first quarter valued at about $948,000. Gamco Investors INC. ET AL grew its position in shares of Simply Good Foods by 13.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 32,920 shares of the financial services provider’s stock worth $472,000 after buying an additional 4,000 shares during the last quarter. Morningstar Investment Management LLC bought a new position in shares of Simply Good Foods during the 1st quarter worth approximately $485,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Simply Good Foods by 179.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,472,753 shares of the financial services provider’s stock worth $21,134,000 after acquiring an additional 946,216 shares in the last quarter. Finally, Caxton Associates LLP lifted its position in Simply Good Foods by 11.7% during the first quarter. Caxton Associates LLP now owns 93,925 shares of the financial services provider’s stock valued at $1,348,000 after acquiring an additional 9,847 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Clayton C. Daley, Jr. bought 10,000 shares of Simply Good Foods stock in a transaction that occurred 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 purchase, the director directly owned 111,743 shares of the company’s stock, valued at approximately $1,316,332.54. The trade was a 9.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on SMPL. UBS Group set a $15.00 target price on shares of Simply Good Foods in a research note on Friday, July 10th. BTIG Research assumed coverage on Simply Good Foods in a report on Monday, April 13th. They set a “neutral” rating for the company. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Morgan Stanley dropped their target price on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Simply Good Foods in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.20.

Simply Good Foods Stock Down 0.6%

NASDAQ:SMPL opened at $11.10 on Friday. The company has a market cap of $981.91 million, a PE ratio of -5.12 and a beta of 0.15. The Simply Good Foods Company has a twelve month low of $9.88 and a twelve month high of $30.36. 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 company’s 50 day moving average is $11.98 and its two-hundred day moving average is $13.78.

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