Edge Capital Group LLC Makes New $466,000 Investment in The Simply Good Foods Company (NASDAQ:SMPL)

Edge Capital Group LLC bought a new position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,951 shares of the financial services provider's stock, valued at approximately $466,000.

Several other institutional investors and hedge funds have also made changes to their positions in SMPL. South Dakota Investment Council purchased a new position in Simply Good Foods in the 4th quarter worth about $1,191,000. Handelsbanken Fonder AB grew its stake in Simply Good Foods by 34.9% in the 4th quarter. Handelsbanken Fonder AB now owns 990,500 shares of the financial services provider's stock worth $38,610,000 after acquiring an additional 256,200 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Simply Good Foods during the fourth quarter worth approximately $249,000. Sanctuary Advisors LLC bought a new stake in shares of Simply Good Foods during the fourth quarter valued at approximately $318,000. Finally, Nkcfo LLC purchased a new stake in shares of Simply Good Foods in the fourth quarter valued at approximately $234,000. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Stock Up 2.0 %

Shares of NASDAQ:SMPL traded up $0.74 during trading on Friday, reaching $37.75. The stock had a trading volume of 925,216 shares, compared to its average volume of 1,076,466. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.81 billion, a P/E ratio of 26.77, a PEG ratio of 3.23 and a beta of 0.65. The firm's 50-day simple moving average is $37.20 and its 200 day simple moving average is $35.87.

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Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results 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. The company had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. As a group, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SMPL shares. Citigroup decreased their target price on Simply Good Foods from $46.00 to $43.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Mizuho dropped their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.22.

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.