Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in The Simply Good Foods Company (NASDAQ:SMPL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 32,623 shares of The Simply Good Foods Company for approximately $1,125,000 during the first quarter.
• CEO Geoff E. Tanner increased his ownership by 6.57% after purchasing 6,050 shares at an average price of $33.11, bringing his total share ownership to 98,190.
• Simply Good Foods reported a quarterly EPS of $0.51, surpassing analyst expectations, while revenue increased by 13.8% compared to the same quarter last year.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,623 shares of the financial services provider's stock, valued at approximately $1,125,000.

Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in 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 worth $98,000 after acquiring an additional 300 shares in the last quarter. LPL Financial LLC lifted its position 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 valued at $386,000 after acquiring an additional 315 shares in the last quarter. Pictet Asset Management Holding SA lifted its position 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 valued at $442,000 after acquiring an additional 324 shares in the last quarter. Xponance Inc. lifted its position in Simply Good Foods by 5.8% in the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider's stock valued at $253,000 after acquiring an additional 402 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Simply Good Foods by 72.4% in 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 acquiring an additional 445 shares in the last quarter. Institutional investors own 88.45% of the company's stock.

Insiders Place Their Bets

In related news, CEO Geoff E. Tanner acquired 6,050 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were bought at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the completion of the transaction, the chief executive officer directly owned 98,190 shares in the company, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.35% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on SMPL. Citigroup dropped their price target on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. UBS Group set a $36.00 price target on shares of Simply Good Foods and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Morgan Stanley raised their price target 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. DA Davidson decreased their price objective on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Finally, Mizuho decreased their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. Four investment 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 presently has a consensus rating of "Moderate Buy" and an average target price of $39.88.

Simply Good Foods Trading Down 0.9%

Shares of SMPL stock traded down $0.26 during mid-day trading on Wednesday, reaching $29.76. The stock had a trading volume of 409,092 shares, compared to its average volume of 1,105,849. The Simply Good Foods Company has a 52-week low of $29.73 and a 52-week high of $40.53. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14. The stock's 50-day moving average price is $32.62 and its two-hundred day moving average price is $34.85. The firm has a market capitalization of $2.99 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.01 and a beta of 0.59.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The company had revenue of $380,956 billion for the quarter, compared to analysts' expectations of $381.68 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. Simply Good Foods's quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.