Raymond James Financial Inc. acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 47,787 shares of the financial services provider's stock, valued at approximately $1,863,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMPL. R Squared Ltd bought a new stake in Simply Good Foods during the fourth quarter worth about $26,000. Quarry LP grew its holdings in shares of Simply Good Foods by 64.7% during the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,229 shares during the period. GAMMA Investing LLC lifted its stake in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after buying an additional 1,555 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.
Simply Good Foods Trading Down 2.0 %
Shares of SMPL traded down $0.71 during mid-day trading on Friday, hitting $34.01. 422,792 shares of the company's stock traded hands, compared to its average volume of 910,217. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.44 billion, a P/E ratio of 24.05, a PEG ratio of 3.23 and a beta of 0.63. The business's 50-day moving average price is $36.21 and its 200-day moving average price is $36.25. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $40.53.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data 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. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same period in the previous year, the firm earned $0.43 EPS. The company's quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Mizuho decreased their price objective on Simply Good Foods from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. Morgan Stanley assumed coverage on Simply Good Foods in a research note on Monday, March 24th. They issued an "equal weight" rating and a $36.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and a consensus target price of $39.56.
Check Out Our Latest Stock Analysis on SMPL
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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