Maxi Investments CY Ltd Acquires New Stake in The Simply Good Foods Company $SMPL

Maxi Investments CY Ltd bought a new position in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,700 shares of the financial services provider’s stock, valued at approximately $1,038,000. Maxi Investments CY Ltd owned about 0.06% of Simply Good Foods at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Simply Good Foods by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock worth $213,479,000 after acquiring an additional 249,405 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Simply Good Foods by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock valued at $106,443,000 after buying an additional 346,395 shares in the last quarter. State Street Corp lifted its stake in shares of Simply Good Foods by 0.4% during the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after buying an additional 14,089 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Simply Good Foods by 7.0% in the 3rd quarter. William Blair Investment Management LLC now owns 1,654,737 shares of the financial services provider’s stock worth $41,071,000 after buying an additional 108,638 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in 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 in the last quarter. 88.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SMPL. Mizuho set a $19.00 target price on shares of Simply Good Foods in a report on Monday. Jefferies Financial Group upgraded Simply Good Foods from a “hold” rating to a “buy” rating and reduced their price target for the company from $23.00 to $22.00 in a research report on Monday, March 16th. Zacks Research lowered Simply Good Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Stifel Nicolaus dropped their price objective on 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, Morgan Stanley cut their target price on Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.64.

Simply Good Foods Stock Down 1.5%

Shares of NASDAQ:SMPL opened at $12.44 on Friday. The firm has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $17.50. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -10.45 and a beta of 0.21. 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 Simply Good Foods Company has a one year low of $10.21 and a one year high of $36.92.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $326.01 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. Analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Insider Buying and Selling at Simply Good Foods

In related news, Director James M. Kilts acquired 80,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The stock was bought at an average cost of $12.39 per share, with a total value of $991,200.00. Following the acquisition, the director owned 172,854 shares of the company’s stock, valued at approximately $2,141,661.06. The trade was a 86.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.76% of the company’s stock.

Simply Good Foods 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.