Y Intercept Hong Kong Ltd Grows Stock Holdings in The Simply Good Foods Company $SMPL

Y Intercept Hong Kong Ltd boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 740.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 162,845 shares of the financial services provider’s stock after purchasing an additional 143,458 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Simply Good Foods were worth $4,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in 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 worth $115,169,000 after acquiring an additional 14,089 shares in the last quarter. Boston Trust Walden Corp grew its holdings in shares of Simply Good Foods by 16.0% during the third quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider’s stock worth $87,390,000 after buying an additional 486,837 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Simply Good Foods by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 2,310,861 shares of the financial services provider’s stock valued at $73,008,000 after purchasing an additional 55,727 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Simply Good Foods in the 2nd quarter valued at $48,841,000. Finally, Norges Bank purchased a new position in Simply Good Foods during the second quarter worth about $36,419,000. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $32.00 target price on Simply Good Foods in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $22.00 target price on shares of Simply Good Foods in a research note on Monday, December 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. Mizuho set a $30.00 price objective on shares of Simply Good Foods in a report on Thursday, January 15th. Finally, UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.67.

Simply Good Foods Trading Down 3.0%

SMPL opened at $20.27 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The stock has a market capitalization of $1.88 billion, a PE ratio of 22.52, a P/E/G ratio of 2.64 and a beta of 0.27. The Simply Good Foods Company has a 12-month low of $18.45 and a 12-month high of $40.01. The firm’s fifty day moving average price is $19.82 and its 200 day moving average price is $24.27.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Simply Good Foods had a return on equity of 9.56% and a net margin of 6.26%.The company had revenue of $340.20 million during the quarter, compared to analyst estimates of $337.64 million. During the same quarter last year, the firm earned $0.49 EPS. The business’s revenue was down .3% on a year-over-year basis. As a group, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael L. Clawson purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the acquisition, the insider owned 37,620 shares in the company, valued at approximately $752,400. This trade represents a 15.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Timothy Allen Matthews sold 5,859 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total transaction of $114,074.73. Following the transaction, the chief accounting officer owned 18,065 shares of the company’s stock, valued at $351,725.55. This represents a 24.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.