The Simply Good Foods Company $SMPL Position Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,629 shares of the financial services provider’s stock after selling 9,160 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Simply Good Foods worth $2,800,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its holdings in Simply Good Foods by 1.4% in the first quarter. Illinois Municipal Retirement Fund now owns 49,145 shares of the financial services provider’s stock worth $1,695,000 after acquiring an additional 687 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in Simply Good Foods by 18.3% in the first quarter. Schwartz Investment Counsel Inc. now owns 358,370 shares of the financial services provider’s stock worth $12,360,000 after acquiring an additional 55,470 shares during the last quarter. Banque Pictet & Cie SA bought a new position in Simply Good Foods in the first quarter worth about $383,000. Nisa Investment Advisors LLC lifted its holdings in Simply Good Foods by 24.7% in the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 754 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Simply Good Foods by 5.8% in the first quarter. Xponance Inc. now owns 7,325 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL opened at $20.26 on Friday. The firm’s 50 day moving average is $26.24 and its two-hundred day moving average is $31.09. The Simply Good Foods Company has a 52 week low of $18.47 and a 52 week high of $40.53. The firm has a market capitalization of $2.04 billion, a P/E ratio of 19.86, a PEG ratio of 2.22 and a beta of 0.53. The company has a current ratio of 3.64, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $369.07 million. During the same quarter in the previous year, the business posted $0.50 EPS. Simply Good Foods’s revenue for the quarter was down 1.8% compared to the same quarter last year. Simply Good Foods has set its FY 2026 guidance at EPS. Analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SMPL. Jefferies Financial Group cut their target price on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday. Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the stock an “outperform” rating in a report on Friday, July 11th. Stifel Nicolaus set a $32.00 target price on shares of Simply Good Foods in a report on Friday. Deutsche Bank Aktiengesellschaft set a $26.00 target price on shares of Simply Good Foods and gave the stock a “hold” rating in a report on Friday. Finally, Mizuho dropped their price target on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.56.

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.