Susquehanna Fundamental Investments LLC Takes $6.57 Million Position in The Simply Good Foods Company (NASDAQ:SMPL)

Susquehanna Fundamental Investments LLC acquired a new position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 168,486 shares of the financial services provider's stock, valued at approximately $6,568,000. Susquehanna Fundamental Investments LLC owned approximately 0.17% of Simply Good Foods as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Simply Good Foods in the fourth quarter valued at about $26,000. CIBC Private Wealth Group LLC raised its holdings in shares of Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 445 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 boosted its stake in shares of Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares during the period. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares in the company, valued at $478,252.75. This trade represents a 28.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. 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 report on Thursday, April 10th. UBS Group assumed coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price for the company. Mizuho raised their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a report on Friday, April 11th. Finally, DA Davidson boosted their price objective on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Stock Performance

Shares of NASDAQ SMPL opened at $35.23 on Monday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 24.99, 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 company has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $36.50. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

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

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