7,993 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,993 shares of the financial services provider's stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SMPL. FMR LLC raised its stake in Simply Good Foods by 86.5% during the fourth quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock worth $372,890,000 after acquiring an additional 4,437,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position 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 purchasing an additional 366,072 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Simply Good Foods by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after buying an additional 90,444 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Simply Good Foods by 23.5% during the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock worth $138,232,000 after buying an additional 674,618 shares during the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Simply Good Foods by 31.3% during 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 buying an additional 722,963 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SMPL. DA Davidson raised their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a report on Friday, April 11th. Morgan Stanley upped their price objective on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Thursday, April 10th. Mizuho boosted their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, UBS Group started coverage on Simply Good Foods in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Simply Good Foods currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Trading Up 2.1 %

Simply Good Foods stock traded up $0.74 during trading hours on Friday, reaching $36.70. 722,247 shares of the company's stock were exchanged, compared to its average volume of 920,036. The firm has a market capitalization of $3.71 billion, a PE ratio of 26.03, a PEG ratio of 3.23 and a beta of 0.72. 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 firm's 50 day simple moving average is $35.42 and its 200 day simple moving average is $36.57. 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 issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million during 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 firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated 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 $478,252.75. This represents a 28.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.35% of the company's stock.

About Simply Good Foods

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.