Fox Run Management L.L.C. Invests $439,000 in The Simply Good Foods Company (NASDAQ:SMPL)

Fox Run Management L.L.C. bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,275 shares of the financial services provider’s stock, valued at approximately $439,000.

Several other institutional investors have also bought and sold shares of SMPL. R Squared Ltd purchased a new position in Simply Good Foods during the 4th quarter worth $26,000. Quarry LP boosted its holdings in Simply Good Foods by 64.7% during the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC grew 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 in the last quarter. GAMMA Investing LLC increased its stake in Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,201 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Simply Good Foods by 119.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,555 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the subject of several recent analyst reports. Mizuho reduced their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Morgan Stanley assumed coverage on Simply Good Foods in a research note on Monday. They issued an “equal weight” rating and a $36.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.56.

Simply Good Foods Trading Down 0.6 %

Shares of SMPL opened at $33.21 on Wednesday. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $40.53. The business has a 50-day moving average of $36.30 and a 200 day moving average of $36.25. The firm has a market cap of $3.36 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.06. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate 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 was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. As a group, research analysts forecast that The Simply Good Foods Company will post 1.78 EPS 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.