556,683 Shares in The Simply Good Foods Company $SMPL Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 556,683 shares of Simply Good Foods during the second quarter, worth approximately $7.4 million and representing about 0.63% of the company. Institutional investors and hedge funds collectively own 88.45% of SMPL.
• SMPL shares opened at $11.49, near the lower end of their 52-week range. The company beat quarterly earnings and revenue expectations, reporting $0.42 EPS and $356.98 million in revenue, although revenue declined 6.3% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $14.45, while recent targets range from $11 to $15. The company also faces securities-class-action allegations related to its OWYN acquisition, including claims of undisclosed operating problems and a significant write-down; the allegations remain unproven.

Bank of New York Mellon Corp bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 556,683 shares of the financial services provider's stock, valued at approximately $7,393,000. Bank of New York Mellon Corp owned approximately 0.63% of Simply Good Foods at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oaktree Capital Management LP acquired a new stake in Simply Good Foods during the 1st quarter worth approximately $16,200,000. Vanguard Group Inc. lifted its stake in Simply Good Foods by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider's stock valued at $213,479,000 after buying an additional 249,405 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of Simply Good Foods in the fourth quarter valued at approximately $6,499,000. New Age Alpha Advisors LLC boosted its holdings in shares of Simply Good Foods by 2,413.6% in the fourth quarter. New Age Alpha Advisors LLC now owns 173,414 shares of the financial services provider's stock valued at $3,482,000 after buying an additional 166,515 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Simply Good Foods during the fourth quarter worth $5,235,000. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Up 1.9%

Shares of SMPL stock opened at $11.49 on Friday. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28. The Simply Good Foods Company has a 1 year low of $9.88 and a 1 year high of $28.95. The firm's fifty day moving average price is $11.53 and its two-hundred day moving average price is $12.75. The firm has a market capitalization of $1.02 billion, a P/E ratio of -5.29 and a beta of 0.17.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The company had revenue of $356.98 million during the quarter, compared to analysts' expectations of $332.99 million. During the same quarter last year, the company earned $0.51 EPS. Simply Good Foods's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts predict that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

More Simply Good Foods News

Here are the key news stories impacting Simply Good Foods this week:

• Positive Sentiment: No new operational deterioration or additional financial charge was announced in these releases; the company’s shares were higher in the latest trading session despite the legal overhang.
• Neutral Sentiment: Multiple law firms—including Rosen, Bronstein Gewirtz & Grossman, Pomerantz, Wolf Popper, Kaplan Fox, and others—are reminding investors of an October 13, 2026 deadline to seek appointment as lead plaintiff. These notices largely repeat the same allegations and do not represent independent findings of liability. Rosen investor notice
• Negative Sentiment: The securities class action covers investors who purchased SMPL shares between October 24, 2024, and April 8, 2026. Complaints allege that Simply Good Foods overstated the performance and integration of its approximately $280 million OWYN acquisition. Levi & Korsinsky shareholder alert
• Negative Sentiment: According to the allegations, OWYN was switched to an inferior pea-protein supplier, contributing to taste, texture, and shelf-life problems that were not adequately disclosed. OWYN sales subsequently contracted nearly 17%, and the brand was subject to a reported $187 million write-down. SMPL shareholder alert
• Negative Sentiment: One legal notice links the alleged disclosures to a stock decline of more than 27%. If the claims proceed, SMPL could face litigation costs, possible damages, management distraction, and further scrutiny of its acquisition accounting and brand execution. The allegations remain unproven. Kahn Swick & Foti notice

Analysts Set New Price Targets

SMPL has been the topic of a number of research analyst reports. Truist Financial set a $11.00 price objective on shares of Simply Good Foods in a report on Wednesday, August 26th. Sanford C. Bernstein cut Simply Good Foods from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $17.00 to $12.00 in a report on Wednesday, June 3rd. TD Cowen dropped their price target on Simply Good Foods from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $14.00 price target on shares of Simply Good Foods in a report on Friday, July 10th. Finally, Jefferies Financial Group set a $15.00 price objective on Simply Good Foods in a report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Simply Good Foods currently has an average rating of "Hold" and an average price target of $14.45.

Simply Good Foods Profile

Simply Good Foods Co NASDAQ: SMPL is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source