Legal & General Group Plc Buys New Shares in The Simply Good Foods Company $SMPL

Legal & General Group Plc purchased a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 193,213 shares of the financial services provider’s stock, valued at approximately $2,566,000. Legal & General Group Plc owned about 0.22% of Simply Good Foods at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company bought a new position in shares of Simply Good Foods in the 2nd quarter worth about $535,000. Van Hulzen Asset Management LLC bought a new stake in shares of Simply Good Foods during the 2nd quarter valued at about $213,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Simply Good Foods during the second quarter worth approximately $72,000. Quantbot Technologies LP bought a new stake in Simply Good Foods in the second quarter worth approximately $1,410,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Simply Good Foods in the second quarter worth approximately $532,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

Shares of SMPL opened at $11.45 on Friday. 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 has a market capitalization of $1.01 billion, a price-to-earnings ratio of -5.28 and a beta of 0.17. The stock has a 50 day moving average of $11.50 and a 200 day moving average of $12.74. The Simply Good Foods Company has a 12 month low of $9.88 and a 12 month high of $28.95.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $356.98 million for the quarter, compared to analysts’ expectations of $332.99 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SMPL shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $14.00 price target on shares of Simply Good Foods in a research note on Friday, July 10th. Zacks Research upgraded shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. UBS Group set a $15.00 price objective on shares of Simply Good Foods in a research note on Friday, July 10th. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. Finally, Truist Financial set a $11.00 price objective on shares of Simply Good Foods in a report on Wednesday, August 26th. 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 stock. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Hold” and an average price target of $14.45.

More Simply Good Foods News

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

• Negative Sentiment: Several law firms, including Robbins Geller, Kaplan Fox, Rosen, and others, say a class action has been filed on behalf of investors who purchased SMPL shares between October 24, 2024, and April 8, 2026. The firms allege that Simply Good Foods and certain executives violated securities laws by failing to disclose material problems affecting its OWYN brand. Robbins Geller SMPL class action announcement
• Negative Sentiment: The central allegations concern a switch to an inferior pea-protein supplier for OWYN products, which allegedly caused taste, texture, and shelf-life problems. The shareholder notices claim OWYN sales subsequently contracted by nearly 17% and the brand was hit with a $187 million write-down, potentially exposing the company to damages and further scrutiny. These are allegations, and the company’s liability has not been established. SMPL shareholder alert and OWYN allegations
• Neutral Sentiment: Investors who acquired shares during the stated class period have until October 13, 2026, to seek appointment as lead plaintiff. The deadline is a procedural step and does not determine the merits of the case, but continued law-firm announcements keep the dispute in focus for the market. Rosen SMPL class action deadline notice

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.