BNP Paribas Financial Markets Increases Stock Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

BNP Paribas Financial Markets boosted its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 138.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,341 shares of the financial services provider's stock after purchasing an additional 125,608 shares during the period. BNP Paribas Financial Markets owned about 0.21% of Simply Good Foods worth $8,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Simply Good Foods during the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC lifted its position in shares of Simply Good Foods by 72.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock valued at $38,000 after buying an additional 445 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Simply Good Foods by 255.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after buying an additional 1,229 shares in the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after buying an additional 300 shares in the last quarter. 88.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMPL. Morgan Stanley lifted their price objective on Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, April 10th. Mizuho lifted their price objective on Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. DA Davidson lifted their price objective on Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Finally, UBS Group began coverage on Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Insider Transactions at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the senior vice president now directly owns 12,839 shares of the company's stock, valued at $478,252.75. This represents a 28.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.35% of the company's stock.

Simply Good Foods Stock Up 0.1%

Shares of SMPL opened at $35.87 on Monday. The business's 50 day moving average is $35.29 and its 200 day moving average is $36.69. The company has a market capitalization of $3.62 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

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 (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 firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. Research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.

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