Savoir Faire Capital Management L.P. Acquires 71,773 Shares of The Simply Good Foods Company $SMPL

Savoir Faire Capital Management L.P. raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 96.8% during the third quarter, HoldingsChannel.com reports. The fund owned 145,956 shares of the financial services provider’s stock after purchasing an additional 71,773 shares during the period. Simply Good Foods makes up about 1.3% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 29th biggest holding. Savoir Faire Capital Management L.P.’s holdings in Simply Good Foods were worth $3,623,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SMPL. William Blair Investment Management LLC bought a new position in Simply Good Foods in the 2nd quarter valued at approximately $48,841,000. Norges Bank acquired a new position in shares of Simply Good Foods during the second quarter worth $36,419,000. Benchstone Capital Management LP bought a new position in shares of Simply Good Foods in the 2nd quarter valued at $16,373,000. Boston Trust Walden Corp lifted its stake in shares of Simply Good Foods by 16.0% in the 3rd quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock valued at $87,390,000 after acquiring an additional 486,837 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Simply Good Foods in the 2nd quarter valued at $14,521,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Buying and Selling

In other Simply Good Foods news, insider Michael L. Clawson acquired 5,000 shares of the stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the insider owned 37,620 shares in the company, valued at approximately $752,400. This represents a 15.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher J. Bealer acquired 9,946 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the completion of the purchase, the chief financial officer directly owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. This represents a 43.21% increase in their position. The SEC filing for this purchase provides additional information. 8.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SMPL has been the topic of a number of recent research reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Mizuho set a $30.00 target price on shares of Simply Good Foods in a research report on Thursday, January 15th. Stifel Nicolaus set a $32.00 target price on shares of Simply Good Foods in a report on Friday, October 24th. Zacks Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Friday, December 26th. Finally, UBS Group reiterated a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $29.67.

Simply Good Foods Price Performance

SMPL stock opened at $20.27 on Monday. 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 company’s 50-day moving average is $19.82 and its 200-day moving average is $24.27. The stock has a market capitalization of $1.88 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.64 and a beta of 0.27. The Simply Good Foods Company has a 1 year low of $18.45 and a 1 year high of $40.01.

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

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.