Nordea Investment Management AB bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 111,931 shares of the financial services provider's stock, valued at approximately $3,821,000. Nordea Investment Management AB owned 0.11% of Simply Good Foods at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SMPL. Norges Bank purchased a new stake in Simply Good Foods in the 4th quarter valued at about $39,991,000. Boston Partners bought a new stake in Simply Good Foods during the 4th quarter valued at $20,242,000. Principal Financial Group Inc. lifted its holdings in shares of Simply Good Foods by 17.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider's stock worth $76,457,000 after buying an additional 281,603 shares during the period. Vanguard Group Inc. grew its position in shares of Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider's stock worth $379,461,000 after buying an additional 259,144 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Simply Good Foods by 248.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 333,760 shares of the financial services provider's stock worth $11,358,000 after buying an additional 238,064 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Simply Good Foods news, Director James D. White sold 4,000 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the transaction, the director now owns 17,027 shares of the company's stock, valued at $649,920.59. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.98% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on SMPL shares. TD Cowen assumed coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They issued a "hold" rating and a $34.00 price target for the company. DA Davidson lifted their target price on Simply Good Foods from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, July 1st. Needham & Company LLC reissued a "buy" rating and set a $41.00 price target on shares of Simply Good Foods in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock a "hold" rating in a research report on Friday, June 14th. Finally, Morgan Stanley restated an "overweight" rating and issued a $42.00 target price on shares of Simply Good Foods in a research note on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and a consensus target price of $40.29.
Get Our Latest Stock Analysis on Simply Good Foods
Simply Good Foods Stock Performance
Simply Good Foods stock traded up $0.35 during mid-day trading on Wednesday, reaching $36.19. 695,280 shares of the company traded hands, compared to its average volume of 865,896. The firm's fifty day moving average is $36.91 and its two-hundred day moving average is $36.44. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $334.80 million during the quarter, compared to analysts' expectations of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. On average, equities research analysts expect that The Simply Good Foods Company will post 1.69 earnings per share for the current fiscal year.
About Simply Good Foods
(
Free Report)
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.
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![Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=SMPL)
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