The Simply Good Foods Company $SMPL Shares Acquired by Connors Investor Services Inc.

Connors Investor Services Inc. increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 211.0% during the 4th quarter, Holdings Channel reports. The fund owned 188,915 shares of the financial services provider’s stock after purchasing an additional 128,175 shares during the quarter. Connors Investor Services Inc.’s holdings in Simply Good Foods were worth $3,793,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after acquiring an additional 249,405 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Simply Good Foods by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock valued at $106,443,000 after acquiring an additional 346,395 shares in the last quarter. State Street Corp raised its stake in shares of Simply Good Foods by 0.4% in the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after acquiring an additional 14,089 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of Simply Good Foods by 28.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock valued at $42,663,000 after acquiring an additional 469,903 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Simply Good Foods by 119.5% in the third quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider’s stock valued at $32,607,000 after acquiring an additional 715,110 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMPL has been the topic of several analyst reports. Stifel Nicolaus reduced their price objective on Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. TD Cowen dropped their target price on Simply Good Foods from $20.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th. DA Davidson reissued a “neutral” rating and issued a $39.00 target price on shares of Simply Good Foods in a report on Friday, April 10th. UBS Group dropped their target price on Simply Good Foods from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Simply Good Foods from $16.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, April 10th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.64.

Insider Activity

In other news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $11.78 per share, with a total value of $117,800.00. Following the completion of the acquisition, the director owned 111,743 shares in the company, valued at $1,316,332.54. This trade represents a 9.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Kilts acquired 80,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were purchased at an average cost of $12.39 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 8.76% of the company’s stock.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $11.86 on Friday. The firm has a market capitalization of $1.07 billion, a PE ratio of -9.97 and a beta of 0.21. The business’s fifty day moving average price is $13.00 and its 200 day moving average price is $16.77. 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 12 month low of $10.21 and a 12 month high of $35.15.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Thursday, April 9th. The financial services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $326.01 million for the quarter, compared to analyst estimates of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.Simply Good Foods’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, sell-side analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

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.