Brevan Howard Capital Management LP Invests $642,000 in The Simply Good Foods Company (NASDAQ:SMPL)

Brevan Howard Capital Management LP purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,467 shares of the financial services provider's stock, valued at approximately $642,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Simply Good Foods in the 4th quarter valued at approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in Simply Good Foods by 72.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock worth $66,000 after acquiring an additional 1,229 shares in the last quarter. GAMMA Investing LLC boosted its stake in Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock worth $69,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Simply Good Foods by 13.5% in the fourth 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 currently owned by institutional investors and hedge funds.

Simply Good Foods Trading Up 0.4%

NASDAQ:SMPL traded up $0.14 during trading hours on Monday, hitting $35.96. The company had a trading volume of 1,226,160 shares, compared to its average volume of 922,635. The company has a market capitalization of $3.63 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The stock has a 50-day moving average price of $35.29 and a 200 day moving average price of $36.69. The Simply Good Foods Company has a 52 week low of $31.25 and a 52 week high of $40.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, beating 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 firm had revenue of $359.70 million for the quarter, compared to analysts' expectations of $354.50 million. During the same quarter in the previous year, the business posted $0.40 EPS. The company's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

SMPL has been the subject of a number of research analyst reports. Mizuho raised their price objective 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. Morgan Stanley raised 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 note on Thursday, April 10th. UBS Group started coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 price target on the stock. Finally, DA Davidson lifted their price target on shares of 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.00.

Insider Transactions at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction 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 completion of the transaction, the senior vice president now owns 12,839 shares in the company, valued at approximately $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.35% of the company's stock.

Simply Good Foods 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.