Renaissance Group LLC Buys 8,303 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Renaissance Group LLC increased its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,023 shares of the financial services provider's stock after acquiring an additional 8,303 shares during the period. Renaissance Group LLC owned about 0.08% of Simply Good Foods worth $3,041,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Simply Good Foods during the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC increased its holdings in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after buying an additional 445 shares during the last quarter. Quarry LP raised its position in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider's stock worth $47,000 after acquiring an additional 533 shares during the period. Smartleaf Asset Management LLC boosted its stake in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,229 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after acquiring an additional 1,201 shares during the period. 88.45% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts recently commented on SMPL shares. DA Davidson lifted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday. Mizuho boosted their target price on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Morgan Stanley increased their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has an average rating of "Moderate Buy" and an average price target of $40.22.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction that occurred on Friday, April 11th. The shares were 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. This trade represents a 28.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.35% of the company's stock.

Simply Good Foods Price Performance

Shares of SMPL stock traded down $0.99 on Monday, reaching $37.01. The company's stock had a trading volume of 294,313 shares, compared to its average volume of 925,150. The company has a market capitalization of $3.74 billion, a P/E ratio of 26.25, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The stock's 50 day simple moving average is $35.74 and its 200-day simple moving average is $36.32. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

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