Landscape Capital Management L.L.C. Invests $2.71 Million in The Simply Good Foods Company (NASDAQ:SMPL)

Landscape Capital Management L.L.C. bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 69,603 shares of the financial services provider's stock, valued at approximately $2,713,000. Landscape Capital Management L.L.C. owned 0.07% of Simply Good Foods at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SMPL. R Squared Ltd acquired a new position in Simply Good Foods during the fourth quarter valued at approximately $26,000. CIBC Private Wealth Group LLC raised its holdings in Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after buying an additional 445 shares during the period. Quarry LP boosted its holdings in shares of Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock valued at $47,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after acquiring an additional 1,229 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,201 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several research firms have issued reports on SMPL. Mizuho dropped their price target on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Morgan Stanley initiated coverage on shares of Simply Good Foods in a report on Monday, March 24th. They issued an "equal weight" rating and a $36.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $39.56.

Simply Good Foods Stock Performance

Shares of SMPL stock traded up $3.17 during trading on Wednesday, reaching $36.36. 1,047,383 shares of the company's stock were exchanged, compared to its average volume of 910,387. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The firm's fifty day moving average price is $35.82 and its 200-day moving average price is $36.26. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.67 billion, a PE ratio of 25.75, a PEG ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. As a group, sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

About Simply Good Foods

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.