UniSuper Management Pty Ltd Makes New Investment in The Simply Good Foods Company (NASDAQ:SMPL)

UniSuper Management Pty Ltd acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,060 shares of the financial services provider's stock, valued at approximately $615,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SMPL. Norges Bank bought a new position in Simply Good Foods in the 4th quarter valued at approximately $39,991,000. Champlain Investment Partners LLC boosted its holdings in shares of Simply Good Foods by 27.7% during the 1st quarter. Champlain Investment Partners LLC now owns 3,939,494 shares of the financial services provider's stock valued at $134,061,000 after acquiring an additional 854,550 shares during the last quarter. Boston Partners purchased a new position in shares of Simply Good Foods during the fourth quarter valued at approximately $20,242,000. Principal Financial Group Inc. boosted its holdings in Simply Good Foods by 17.1% in the fourth quarter. Principal Financial Group Inc. now owns 1,930,744 shares of the financial services provider's stock worth $76,457,000 after purchasing an additional 281,603 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Simply Good Foods by 248.8% in 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 during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Insider Transactions at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.98% of the company's stock.

Analyst Ratings Changes

SMPL has been the topic of a number of research reports. Mizuho reissued a "buy" rating and issued a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. Morgan Stanley reaffirmed an "overweight" rating and set a $42.00 price target on shares of Simply Good Foods in a report on Thursday, April 11th. Stifel Nicolaus boosted their price objective on Simply Good Foods from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, June 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $41.00 price objective on shares of Simply Good Foods in a research note on Friday, June 28th. Finally, DA Davidson increased their price target on Simply Good Foods from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, July 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and an average price target of $40.29.

Simply Good Foods Trading Up 1.8 %

Shares of NASDAQ SMPL traded up $0.61 during mid-day trading on Friday, reaching $33.77. The company had a trading volume of 1,159,910 shares, compared to its average volume of 889,830. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.37 and a beta of 0.61. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The business's 50-day moving average is $36.45 and its 200-day moving average is $36.07. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company 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 firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Equities analysts expect that The Simply Good Foods Company will post 1.69 earnings per share for the current year.

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.