1,026,775 The Simply Good Foods Company $SMPL Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Simply Good Foods stake by 1,195.2% in the third quarter, buying 1,026,775 additional shares. It now owns 1.26% of the company, valued at approximately $10.6 million.
• Institutional investors own 88.45% of SMPL, while the stock recently traded at $11.00, near the lower end of its $9.38–$25.66 one-year range.
• Analysts maintain a consensus “Hold” rating, with an average price target of $14.45; the company’s Atkins and Quest brands focus on lower-sugar, higher-protein and other health-conscious products.

Assenagon Asset Management S.A. lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 1,195.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,684 shares of the financial services provider's stock after purchasing an additional 1,026,775 shares during the period. Assenagon Asset Management S.A. owned 1.26% of Simply Good Foods worth $10,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Simply Good Foods during the second quarter worth about $30,000. Leonteq Securities AG increased its holdings in Simply Good Foods by 96.2% in the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider's stock valued at $33,000 after buying an additional 1,132 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Simply Good Foods by 244.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,995 shares of the financial services provider's stock valued at $43,000 after buying an additional 2,125 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Simply Good Foods in the 2nd quarter valued at approximately $72,000. Finally, Allworth Financial LP bought a new position in Simply Good Foods in the second quarter valued at approximately $72,000. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Stock Performance

Shares of SMPL stock opened at $11.00 on Tuesday. The business's 50 day simple moving average is $10.50 and its 200 day simple moving average is $11.56. The Simply Good Foods Company has a one year low of $9.38 and a one year high of $25.66. The stock has a market capitalization of $973.06 million, a PE ratio of -5.07 and a beta of 0.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group set a $15.00 target price on Simply Good Foods in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $14.00 price target on shares of Simply Good Foods in a research note on Friday, July 10th. UBS Group set a $15.00 price target on Simply Good Foods in a report on Friday, July 10th. DA Davidson lowered their price target on Simply Good Foods from $39.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, July 10th. Finally, Weiss Ratings downgraded Simply Good Foods from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, October 12th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Simply Good Foods presently has a consensus rating of "Hold" and an average target price of $14.45.

Simply Good Foods Company Profile

The Simply Good Foods Company NASDAQ: SMPL is a consumer packaged food company focused on nutritious and convenient foods and beverages. Its portfolio is built around products that support lower-sugar, higher-protein, and other health-conscious eating preferences.

The company's principal brands include Atkins, which offers nutrition products such as bars, shakes, snacks, frozen foods, and other items associated with low-carbohydrate lifestyles, and Quest, which markets protein bars, cookies, chips, pizza, shakes, and other high-protein snacks.

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