KLP Kapitalforvaltning AS Acquires New Shares in The Simply Good Foods Company (NASDAQ:SMPL)

KLP Kapitalforvaltning AS bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,600 shares of the financial services provider's stock, valued at approximately $1,193,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in shares of Simply Good Foods by 20.5% in the 4th quarter. TD Private Client Wealth LLC now owns 5,512 shares of the financial services provider's stock worth $215,000 after acquiring an additional 937 shares during the period. Xponance Inc. lifted its position in Simply Good Foods by 15.5% in the fourth quarter. Xponance Inc. now owns 6,923 shares of the financial services provider's stock worth $270,000 after purchasing an additional 928 shares during the period. Boston Partners boosted its stake in Simply Good Foods by 109.0% during the 4th quarter. Boston Partners now owns 1,221,285 shares of the financial services provider's stock valued at $47,287,000 after purchasing an additional 637,038 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Simply Good Foods during the 4th quarter valued at $333,000. Finally, Natixis Advisors LLC raised its position in Simply Good Foods by 6.2% in the fourth quarter. Natixis Advisors LLC now owns 19,984 shares of the financial services provider's stock worth $779,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

Analyst Ratings Changes

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

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Simply Good Foods Stock Up 0.3 %

Shares of SMPL stock traded up $0.10 on Thursday, reaching $34.72. 1,457,245 shares of the company's stock traded hands, compared to its average volume of 912,093. The business's 50 day moving average price is $36.21 and its two-hundred day moving average price is $36.25. The company has a market capitalization of $3.51 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $40.53.

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

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.