The Simply Good Foods Company (NASDAQ:SMPL) Position Boosted by Deutsche Bank AG

Deutsche Bank AG boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 59.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,314 shares of the financial services provider's stock after acquiring an additional 32,800 shares during the period. Deutsche Bank AG owned 0.09% of Simply Good Foods worth $3,442,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC raised its holdings in Simply Good Foods by 12.3% in the fourth quarter. EP Wealth Advisors LLC now owns 7,623 shares of the financial services provider's stock valued at $297,000 after acquiring an additional 837 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Simply Good Foods during the fourth quarter worth $230,000. Cetera Investment Advisers acquired a new stake in shares of Simply Good Foods during the fourth quarter worth $217,000. Brevan Howard Capital Management LP acquired a new stake in shares of Simply Good Foods during the fourth quarter worth $642,000. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Simply Good Foods by 3,306.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 460,827 shares of the financial services provider's stock worth $17,963,000 after purchasing an additional 447,300 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SMPL. DA Davidson increased their target price on shares of Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, April 11th. Wall Street Zen raised shares of Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley increased 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 report on Thursday, April 10th. UBS Group began coverage on shares of Simply Good Foods in a report on Wednesday, April 23rd. They set a "neutral" rating and a $41.00 target price on the stock. Finally, Mizuho increased their target price on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods Stock Performance

Shares of SMPL stock traded up $0.06 during trading hours on Friday, reaching $34.41. The stock had a trading volume of 600,849 shares, compared to its average volume of 925,838. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The firm has a 50-day simple moving average of $35.38 and a 200-day simple moving average of $36.76. The firm has a market capitalization of $3.48 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The business had revenue of $359.70 million for the quarter, compared to analysts' expectations of $354.50 million. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. As a group, equities analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the transaction, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. This represents a 28.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.35% of the stock is currently owned by insiders.

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.