Villanova Investment Management Co LLC Takes Position in The Simply Good Foods Company $SMPL

Villanova Investment Management Co LLC purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 89,330 shares of the financial services provider’s stock, valued at approximately $1,794,000.

Several other institutional investors also recently modified their holdings of the business. River Road Asset Management LLC acquired a new stake in Simply Good Foods in the fourth quarter valued at $31,857,000. Marshall Wace LLP acquired a new position in Simply Good Foods during the 3rd quarter worth about $31,825,000. Millennium Management LLC lifted its holdings in Simply Good Foods by 482.7% during the 3rd quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock worth $30,932,000 after buying an additional 1,032,358 shares during the period. Voloridge Investment Management LLC grew its position in shares of Simply Good Foods by 781.1% in the 3rd quarter. Voloridge Investment Management LLC now owns 902,397 shares of the financial services provider’s stock valued at $22,397,000 after buying an additional 799,983 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Simply Good Foods by 119.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider’s stock valued at $32,607,000 after buying an additional 715,110 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Up 4.0%

Shares of NASDAQ:SMPL opened at $12.63 on Friday. The Simply Good Foods Company has a 1 year low of $10.21 and a 1 year high of $34.19. 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 business’s 50-day moving average is $12.11 and its 200-day moving average is $15.71. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -10.61 and a beta of 0.17.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $326.01 million during the quarter, compared to analysts’ expectations of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm’s revenue was down 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Equities research analysts predict that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BTIG Research assumed coverage on Simply Good Foods in a research note 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 note on Monday, May 4th. Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Jefferies Financial Group raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Monday, March 16th. Finally, UBS Group lowered their price target on shares of Simply Good Foods from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.80.

Insider Activity at Simply Good Foods

In related news, Director Clayton C. Daley, Jr. acquired 10,000 shares of Simply Good Foods stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $11.78 per share, with a total value of $117,800.00. Following the transaction, the director directly owned 111,743 shares in the company, valued at $1,316,332.54. This represents a 9.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James M. Kilts acquired 80,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the purchase, the director directly owned 172,854 shares in the company, valued at $2,141,661.06. This represents a 86.16% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 8.76% of the stock is currently owned by insiders.

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.