Inspire Advisors LLC Takes Position in The Simply Good Foods Company $SMPL

Inspire Advisors LLC purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,262 shares of the financial services provider’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMPL. Yousif Capital Management LLC lifted its stake in Simply Good Foods by 1.0% during the second quarter. Yousif Capital Management LLC now owns 34,173 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 341 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Simply Good Foods by 3.1% during the first quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider’s stock valued at $559,000 after acquiring an additional 484 shares during the period. Van Hulzen Asset Management LLC raised its holdings in shares of Simply Good Foods by 1.4% during the first quarter. Van Hulzen Asset Management LLC now owns 36,886 shares of the financial services provider’s stock valued at $1,272,000 after acquiring an additional 522 shares during the period. Blue Trust Inc. lifted its position in shares of Simply Good Foods by 9.8% in the 2nd quarter. Blue Trust Inc. now owns 6,050 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 542 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in Simply Good Foods by 10.0% in the 1st quarter. Cetera Investment Advisers now owns 6,124 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 555 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analysts Set New Price Targets

SMPL has been the topic of several recent analyst reports. Stifel Nicolaus set a $32.00 target price on shares of Simply Good Foods in a research note on Friday, October 24th. Zacks Research downgraded Simply Good Foods from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Weiss Ratings lowered Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Morgan Stanley set a $24.00 price objective on Simply Good Foods in a research note on Monday, October 27th. Finally, Jefferies Financial Group decreased their price objective on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.22.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, CFO Christopher J. Bealer acquired 9,946 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $20.01 per share, for a total transaction of $199,019.46. Following the completion of the acquisition, the chief financial officer owned 32,966 shares of the company’s stock, valued at approximately $659,649.66. This trade represents a 43.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael L. Clawson bought 5,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought 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 of the company’s stock, valued at approximately $752,400. This represents a 15.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 9.35% of the stock is currently owned by company insiders.

Simply Good Foods Stock Down 1.5%

SMPL opened at $19.39 on Thursday. The company has a market capitalization of $1.94 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.40 and a beta of 0.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 2.30. The Simply Good Foods Company has a fifty-two week low of $18.47 and a fifty-two week high of $40.53. The business has a 50-day moving average of $23.03 and a 200-day moving average of $28.94.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. Equities research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Simply Good Foods Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.