Cibc World Markets Corp Invests $333,000 in The Simply Good Foods Company (NASDAQ:SMPL)

Cibc World Markets Corp purchased a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,542 shares of the financial services provider's stock, valued at approximately $333,000.

Several other hedge funds have also bought and sold shares of the business. Stifel Financial Corp increased its holdings in shares of Simply Good Foods by 1.9% during the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock valued at $928,000 after acquiring an additional 498 shares in the last quarter. Cynosure Group LLC increased its stake in Simply Good Foods by 4.9% during the 3rd quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider's stock valued at $371,000 after purchasing an additional 500 shares in the last quarter. HighTower Advisors LLC raised its holdings in Simply Good Foods by 3.9% in the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock worth $473,000 after buying an additional 501 shares during the last quarter. Quarry LP raised its holdings in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock worth $47,000 after buying an additional 533 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Simply Good Foods in the fourth quarter worth approximately $26,000. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock traded up $0.35 during trading hours on Friday, reaching $34.40. 538,973 shares of the stock traded hands, compared to its average volume of 914,016. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 3.23 and a beta of 0.65. 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 company has a 50 day moving average price of $36.33 and a 200 day moving average price of $36.22.

Remove Ads

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The company's revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho decreased their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Morgan Stanley started coverage on Simply Good Foods in a research note on Monday. They issued an "equal weight" rating and a $36.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Simply Good Foods has a consensus rating of "Moderate Buy" and an average price target of $39.56.

Simply Good Foods Company 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.