BNP Paribas Financial Markets Acquires 125,608 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

BNP Paribas Financial Markets boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 138.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,341 shares of the financial services provider's stock after purchasing an additional 125,608 shares during the quarter. 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 hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC lifted its stake in Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after purchasing an additional 300 shares in the last quarter. LPL Financial LLC lifted its stake in Simply Good Foods by 3.3% in the 4th quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider's stock worth $386,000 after purchasing an additional 315 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Simply Good Foods by 2.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider's stock worth $442,000 after purchasing an additional 324 shares in the last quarter. CIBC Private Wealth Group LLC raised 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. Finally, Summit Investment Advisors Inc. raised its position in shares of Simply Good Foods by 5.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider's stock valued at $372,000 after buying an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company's stock.

Simply Good Foods Trading Up 1.4%

Simply Good Foods stock traded up $0.52 during midday trading on Friday, reaching $36.58. The stock had a trading volume of 507,408 shares, compared to its average volume of 924,227. 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 Simply Good Foods Company has a 52-week low of $31.25 and a 52-week high of $40.53. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The company has a fifty day moving average of $35.30 and a 200 day moving average of $36.75.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings data 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. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same period in the prior year, the company posted $0.40 EPS. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SMPL shares. Mizuho upped their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. UBS Group started coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 target price on the stock. Morgan Stanley upped their target price on shares of 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. Finally, DA Davidson upped their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Insiders Place Their Bets

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now directly owns 12,839 shares in the company, 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 this hyperlink. Insiders own 9.35% of the company's stock.

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.