The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 34.9% in the fourth quarter, Holdings Channel reports. The firm owned 990,500 shares of the financial services provider’s stock after purchasing an additional 256,200 shares during the period. Handelsbanken Fonder AB’s holdings in Simply Good Foods were worth $38,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in Simply Good Foods during the fourth quarter valued at approximately $26,000. Quarry LP raised its stake in shares of Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 533 shares during the period. GAMMA Investing LLC lifted its holdings 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 in the last quarter. KBC Group NV boosted its position in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Simply Good Foods by 39.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 976 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SMPL shares. Mizuho reduced their price objective on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Citigroup reduced their price target on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Trading Down 0.7 %

SMPL opened at $37.11 on Friday. The Simply Good Foods Company has a 12-month low of $30.00 and a 12-month high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The stock has a market capitalization of $3.75 billion, a PE ratio of 26.32, a P/E/G ratio of 3.24 and a beta of 0.65. The firm’s fifty day moving average price is $37.43 and its 200 day moving average price is $35.69.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results 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. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, research analysts expect that The Simply Good Foods Company will post 1.78 EPS 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.