Arrowstreet Capital Limited Partnership Buys 946,216 Shares of The Simply Good Foods Company $SMPL

Arrowstreet Capital Limited Partnership lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 179.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,472,753 shares of the financial services provider’s stock after buying an additional 946,216 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Simply Good Foods were worth $21,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in Simply Good Foods by 125.4% in the second 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 during the period. Leonteq Securities AG boosted its position in Simply Good Foods by 96.2% during the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,132 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 807 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Simply Good Foods during the 3rd quarter worth approximately $36,000. Finally, Parallel Advisors LLC raised its position in shares of Simply Good Foods by 167.4% in the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,331 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Price Performance

SMPL stock opened at $10.25 on Thursday. The firm has a 50 day moving average price of $12.08 and a 200-day moving average price of $14.23. The Simply Good Foods Company has a 52-week low of $10.12 and a 52-week high of $31.82. The firm has a market capitalization of $906.72 million, a price-to-earnings ratio of -4.72 and a beta of 0.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $356.98 million for the quarter, compared to analysts’ expectations of $332.99 million. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SMPL. TD Cowen restated a “hold” rating 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 issued a “neutral” rating for the company. Mizuho set a $19.00 price objective on Simply Good Foods in a research report on Monday, May 4th. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Stephens reaffirmed 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 equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.20.

Insider Transactions at Simply Good Foods

In related news, Director Clayton C. Daley, Jr. bought 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the acquisition, the director owned 111,743 shares of the company’s stock, valued at $1,316,332.54. The trade was a 9.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.76% of the company’s stock.

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.