Alamea Verwaltungs GmbH Takes Position in The Simply Good Foods Company $SMPL

Key Points

• Alamea Verwaltungs GmbH acquired 17,072 shares of The Simply Good Foods Company, valued at approximately $589,000, in the 1st quarter this year.
• Simply Good Foods reported $0.51 EPS for the previous quarter, meeting the consensus estimate, with a year-over-year revenue increase of 13.8%.
• The company has seen a mix of institutional investment activity, with hedge funds and institutional investors holding 88.45% of its stock.

Alamea Verwaltungs GmbH acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,072 shares of the financial services provider's stock, valued at approximately $589,000.

Several other large investors have also recently added to or reduced their stakes in SMPL. Xponance Inc. increased its stake 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 acquiring an additional 402 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in Simply Good Foods by 3.1% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 16,212 shares of the financial services provider's stock worth $559,000 after acquiring an additional 484 shares during the period. Van Hulzen Asset Management LLC increased its stake in Simply Good Foods by 1.4% during the 1st quarter. Van Hulzen Asset Management LLC now owns 36,886 shares of the financial services provider's stock worth $1,272,000 after acquiring an additional 522 shares during the period. Cetera Investment Advisers increased its stake in Simply Good Foods by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,124 shares of the financial services provider's stock worth $211,000 after acquiring an additional 555 shares during the period. Finally, Bayforest Capital Ltd increased its stake in Simply Good Foods by 13.8% during the 1st quarter. Bayforest Capital Ltd now owns 4,599 shares of the financial services provider's stock worth $159,000 after acquiring an additional 557 shares during the period. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Stock Performance

SMPL remained flat at $28.66 during midday trading on Wednesday. The company's stock had a trading volume of 1,214,365 shares, compared to its average volume of 1,139,026. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95. The stock has a 50 day moving average of $30.83 and a two-hundred day moving average of $33.64. The company has a market cap of $2.88 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.65 and a beta of 0.59. The Simply Good Foods Company has a 1 year low of $28.14 and a 1 year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The firm had revenue of $380.96 million during the quarter, compared to analyst estimates of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%.The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 EPS. As a group, sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SMPL shares. Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the company an "outperform" rating in a report on Friday, July 11th. Wall Street Zen downgraded Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Mizuho cut their target price on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Citigroup lowered their price objective on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Finally, DA Davidson reduced 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 report on Monday, June 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Simply Good Foods presently has an average rating of "Moderate Buy" and an average price target of $39.88.

Insider Buying and Selling

In related news, CEO Geoff E. Tanner acquired 6,050 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was purchased at an average cost of $33.11 per share, with a total value of $200,315.50. Following the acquisition, the chief executive officer owned 98,190 shares of the company's stock, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.35% of the company's stock.

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.