Ieq Capital LLC Acquires New Holdings in The Simply Good Foods Company $SMPL

Ieq Capital LLC bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the 2nd quarter, Holdings Channel.com reports. The fund bought 77,581 shares of the financial services provider’s stock, valued at approximately $1,030,000.

Several other hedge funds also recently bought and sold shares of SMPL. EverSource Wealth Advisors LLC increased its position in shares of Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Simply Good Foods during the third quarter worth about $36,000. Hantz Financial Services Inc. grew its stake in Simply Good Foods by 82.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 807 shares during the period. Parallel Advisors LLC grew its stake in Simply Good Foods by 167.4% in the fourth quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,331 shares during the period. Finally, Leonteq Securities AG increased its holdings in shares of Simply Good Foods by 96.2% in the first quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,132 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Down 3.7%

SMPL stock opened at $10.54 on Thursday. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $11.68 and a two-hundred day moving average price of $12.97. The company has a market cap of $932.38 million, a price-to-earnings ratio of -4.86 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 $29.32.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data 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 positive return on equity of 9.34% and a negative net margin of 14.28%.The company had revenue of $356.98 million for the quarter, compared to analysts’ expectations of $332.99 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

More Simply Good Foods News

Here are the key news stories impacting Simply Good Foods this week:

• Neutral Sentiment: Implied volatility for SMPL options has surged, signaling elevated investor uncertainty and the potential for larger-than-normal share-price swings. Implied Volatility Surging for Simply Good Foods Stock Options
• Negative Sentiment: Multiple law firms announced or promoted a securities-fraud class action covering investors who purchased SMPL securities from October 24, 2024, through April 8, 2026. The allegations include material misstatements or omissions about OWYN integration, which plaintiffs claim ultimately contributed to more than $200 million in cumulative impairment charges. Investors have until October 13, 2026, to seek lead-plaintiff status. SMPL Deadline: Levi & Korsinsky Investor Notice
• Negative Sentiment: The expanding number of investor-law-firm notices increases the visibility of the litigation and creates potential legal costs, settlement obligations, and reputational damage for Simply Good Foods. The lawsuit relates to an alleged stock decline of more than 27% after the company’s acquisition and integration problems became known. Simply Good Foods Securities Fraud Class Action
• Negative Sentiment: TD Cowen lowered its price target for The Simply Good Foods Company from $13 to $11 and maintained a “Hold” rating. The reduction indicates weaker near-term expectations and limits the perceived upside for the stock. TD Cowen Lowers SMPL Price Target

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein lowered Simply Good Foods from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.00 to $12.00 in a research report on Wednesday, June 3rd. Truist Financial set a $11.00 target price on Simply Good Foods in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $14.00 target price on shares of Simply Good Foods in a report on Friday, July 10th. Mizuho set a $19.00 price target on shares of Simply Good Foods in a research note on Monday, May 4th. Finally, UBS Group set a $15.00 price target on shares of Simply Good Foods in a report on Friday, July 10th. Three research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.45.

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.