Two Sigma Securities LLC Makes New $312,000 Investment in The Simply Good Foods Company (NASDAQ:SMPL)

Two Sigma Securities LLC bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,993 shares of the financial services provider's stock, valued at approximately $312,000.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its position in Simply Good Foods by 86.5% in the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock valued at $372,890,000 after acquiring an additional 4,437,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Simply Good Foods by 10.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock worth $148,558,000 after buying an additional 366,072 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Simply Good Foods by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock worth $138,528,000 after buying an additional 90,444 shares in the last quarter. Wellington Management Group LLP boosted its position in Simply Good Foods by 23.5% in the 4th quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after buying an additional 674,618 shares during the period. Finally, Boston Trust Walden Corp grew its stake in shares of Simply Good Foods by 31.3% in the fourth quarter. Boston Trust Walden Corp now owns 3,031,574 shares of the financial services provider's stock worth $118,171,000 after acquiring an additional 722,963 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL traded up $0.74 on Friday, hitting $36.70. The company had a trading volume of 722,247 shares, compared to its average volume of 919,474. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.71 billion, a PE ratio of 26.03, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a 52-week low of $31.25 and a 52-week high of $40.53. The business has a 50 day moving average of $35.43 and a 200 day moving average of $36.51.

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

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now directly owns 12,839 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.35% of the company's stock.

Analysts Set New Price Targets

SMPL has been the topic of several recent research reports. Mizuho upped their price target on Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. UBS Group began coverage on Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. Morgan Stanley upped 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 note on Thursday, April 10th. Finally, DA Davidson lifted their price target on 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.00.

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.