Nebula Research & Development LLC Acquires 13,753 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Nebula Research & Development LLC lifted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,354 shares of the financial services provider's stock after acquiring an additional 13,753 shares during the period. Nebula Research & Development LLC's holdings in Simply Good Foods were worth $1,495,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SMPL. Quadrant Capital Group LLC raised its holdings in shares of Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after purchasing an additional 300 shares during the period. LPL Financial LLC increased its position in Simply Good Foods by 3.3% in the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock worth $386,000 after buying an additional 315 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Simply Good Foods by 2.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock valued at $442,000 after buying an additional 324 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after acquiring an additional 445 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in Simply Good Foods by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock worth $372,000 after acquiring an additional 480 shares during the last quarter. Institutional investors own 88.45% of the company's stock.

Insider Activity at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. The trade was a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.35% of the stock is owned by insiders.

Simply Good Foods Stock Down 0.5 %

SMPL stock opened at $35.23 on Friday. The Simply Good Foods Company has a 1-year low of $31.25 and a 1-year high of $40.53. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. 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's 50 day moving average is $35.54 and its 200 day moving average is $36.46.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $359.70 million during the quarter, compared to the consensus estimate of $354.50 million. During the same period in the previous year, the firm posted $0.40 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SMPL. UBS Group assumed coverage on shares of Simply Good Foods in a research report on Wednesday. They set a "neutral" rating and a $41.00 target price for the company. DA Davidson increased their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Morgan Stanley lifted their price target on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Finally, Mizuho boosted their price objective on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

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.

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