41,653 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 41,653 shares of the financial services provider's stock, valued at approximately $1,437,000.

A number of other hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Simply Good Foods by 72.4% in 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings 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 valued at $98,000 after purchasing an additional 300 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Simply Good Foods by 119.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock worth $112,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Simply Good Foods by 45.2% during the fourth quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock worth $190,000 after buying an additional 1,515 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.

Insider Buying and Selling at Simply Good Foods

In other news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the 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 directly owns 12,839 shares in the company, valued at approximately $478,252.75. This represents a 28.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.35% of the company's stock.

Analyst Upgrades and Downgrades

SMPL has been the topic of several research reports. UBS Group assumed coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price target on the stock. DA Davidson cut 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 report on Monday, June 9th. Morgan Stanley raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 10th. Wall Street Zen upgraded Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Mizuho upped their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.29.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $32.78 on Wednesday. The company has a current ratio of 4.27, a quick ratio of 2.70 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $35.32 and a 200 day moving average price of $36.25. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The stock has a market cap of $3.31 billion, a P/E ratio of 22.76, a PEG ratio of 2.77 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Simply Good Foods had a net margin of 10.31% and a return on equity of 10.39%. The business had revenue of $359.70 million during the quarter, compared to analysts' expectations of $354.50 million. During the same quarter in the prior year, the company posted $0.40 EPS. The business's revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current 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.

Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Simply Good Foods Company (NASDAQ:SMPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.