7,382 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Bought by MQS Management LLC

MQS Management LLC acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,382 shares of the financial services provider's stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stephens Investment Management Group LLC acquired a new stake in Simply Good Foods during the 1st quarter worth approximately $14,509,000. Diversify Wealth Management LLC increased its position in Simply Good Foods by 30.9% during the 1st quarter. Diversify Wealth Management LLC now owns 16,568 shares of the financial services provider's stock worth $593,000 after purchasing an additional 3,912 shares in the last quarter. Xponance Inc. increased its position in Simply Good Foods by 5.8% during the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider's stock worth $253,000 after purchasing an additional 402 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Simply Good Foods by 24.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock worth $131,000 after purchasing an additional 754 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in Simply Good Foods during the 1st quarter worth approximately $383,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SMPL. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, June 27th. UBS Group set a $36.00 target price on shares of Simply Good Foods and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Morgan Stanley upped their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Thursday, April 10th. DA Davidson decreased their price target on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Finally, Citigroup decreased their price target on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, June 18th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods has an average rating of "Moderate Buy" and an average target price of $39.88.

Simply Good Foods Stock Down 1.9%

Shares of Simply Good Foods stock traded down $0.64 on Friday, hitting $32.73. 341,734 shares of the company's stock traded hands, compared to its average volume of 1,006,279. The stock has a market cap of $3.29 billion, a P/E ratio of 22.91, a PEG ratio of 3.24 and a beta of 0.68. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The firm's 50-day moving average is $33.58 and its 200 day moving average is $35.24. The Simply Good Foods Company has a 52-week low of $30.47 and a 52-week high of $40.53.

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

Simply Good Foods Company 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.