Townsquare Capital LLC Acquires 7,996 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Townsquare Capital LLC grew its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 67,893 shares of the financial services provider's stock after acquiring an additional 7,996 shares during the period. Townsquare Capital LLC owned about 0.07% of Simply Good Foods worth $2,646,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. HighTower Advisors LLC increased its stake in Simply Good Foods by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider's stock worth $473,000 after purchasing an additional 501 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Simply Good Foods by 1.9% in the third quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider's stock worth $928,000 after buying an additional 498 shares during the period. Barclays PLC raised its position in Simply Good Foods by 396.7% during the third quarter. Barclays PLC now owns 165,201 shares of the financial services provider's stock valued at $5,744,000 after buying an additional 131,939 shares during the period. Geode Capital Management LLC lifted its stake in Simply Good Foods by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider's stock worth $74,515,000 after acquiring an additional 10,477 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Simply Good Foods by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 51,664 shares of the financial services provider's stock worth $1,796,000 after acquiring an additional 15,455 shares during the period. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Stock Up 2.2 %

Shares of NASDAQ:SMPL traded up $0.82 on Friday, reaching $37.31. The company had a trading volume of 884,634 shares, compared to its average volume of 928,740. 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 stock has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a P/E/G ratio of 3.23 and a beta of 0.63. The stock has a 50-day moving average price of $35.74 and a 200 day moving average price of $36.41. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53.

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 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The company had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 earnings per share. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analysts Set New Price Targets

SMPL has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. DA Davidson boosted their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Finally, Mizuho increased their price objective on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.35% of the stock is currently owned by company insiders.

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.