Bank of America Corp DE Acquires 504,098 Shares of The Simply Good Foods Company $SMPL

Key Points

• Bank of America acquired 504,098 shares of Simply Good Foods in the second quarter, worth approximately $6.7 million and representing about 0.57% of the company. Institutional investors collectively own 88.45% of SMPL.
• Simply Good Foods beat quarterly earnings and revenue expectations, reporting $0.42 EPS and $356.98 million in revenue, although revenue declined 6.3% year over year and the company posted a negative net margin.
• SMPL shares opened at $9.60, near their 52-week low, while analysts maintain a consensus “Hold” rating with an average price target of $14.45. The company is also facing ongoing securities-class-action litigation notices, with allegations unproven.

Bank of America Corp DE bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 504,098 shares of the financial services provider's stock, valued at approximately $6,694,000. Bank of America Corp DE owned approximately 0.57% of Simply Good Foods at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG lifted its position in shares of Simply Good Foods by 96.2% during the first quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider's stock worth $33,000 after purchasing an additional 1,132 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Simply Good Foods by 82.3% in the fourth quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 807 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Simply Good Foods by 244.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,995 shares of the financial services provider's stock worth $43,000 after buying an additional 2,125 shares during the period. Allworth Financial LP purchased a new stake in Simply Good Foods during the 2nd quarter worth approximately $72,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Simply Good Foods during the 2nd quarter worth approximately $72,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $9.60 on Monday. The stock has a 50-day simple moving average of $10.67 and a 200-day simple moving average of $12.04. The stock has a market cap of $849.22 million, a P/E ratio of -4.42 and a beta of 0.17. The Simply Good Foods Company has a 1 year low of $9.38 and a 1 year high of $25.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. The business had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. As a group, analysts anticipate that The Simply Good Foods Company will post 1.54 earnings per share for the current fiscal year.

Key Headlines Impacting Simply Good Foods

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

• Neutral Sentiment: Multiple law firms reminded investors that October 13, 2026 is the deadline to seek lead-plaintiff status in the pending securities class action. The notices target investors who purchased SMPL shares between October 24, 2024, and April 8, 2026. These announcements are largely duplicative and do not represent a new operating development. Rosen Law Firm deadline notice Kaplan Fox deadline notice
• Negative Sentiment: Robbins Geller, Kaplan Fox, Pomerantz, Bronstein Gewirtz & Grossman, Bernstein Liebhard, SBS Law and other firms reported or promoted the class action against The Simply Good Foods Company and certain executives. The concentration of legal notices may weigh on the shares by raising potential litigation costs, reputational concerns and uncertainty over alleged investor harm. The provided reports do not establish liability, and the allegations remain unproven. Robbins Geller class action notice Bronstein Gewirtz & Grossman class action notice
• Neutral Sentiment: One market-data item reported zero short interest as of September 24, offering no evidence of meaningful short-covering or short-selling pressure. The supplied articles contain no new earnings, revenue, guidance or product news to offset the litigation-related concerns.

Wall Street Analyst Weigh In

Several brokerages have commented on SMPL. UBS Group set a $15.00 price target on shares of Simply Good Foods in a research report on Friday, July 10th. Zacks Research raised Simply Good Foods from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Truist Financial set a $11.00 price objective on Simply Good Foods in a research note on Wednesday, August 26th. TD Cowen decreased their target price on Simply Good Foods from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday, August 26th. Finally, Jefferies Financial Group set a $15.00 target price on Simply Good Foods in a research note on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $14.45.

About Simply Good Foods

Simply Good Foods Co NASDAQ: SMPL is a consumer packaged food company focused on nutrition-focused snacks and beverages. Its portfolio is built around products that support low-carbohydrate, high-protein and better-for-you eating preferences.

The company's principal brands include Atkins, which offers nutrition bars, shakes, frozen meals, confectionery products and other low-carbohydrate foods, and Quest, which markets protein bars, cookies, chips, snacks, powders and ready-to-drink beverages.

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