Empowered Funds LLC Purchases New Position in The Simply Good Foods Company $SMPL

Key Points

• Empowered Funds LLC acquired 250,791 shares of Simply Good Foods during the second quarter, worth approximately $3.33 million and representing about 0.28% of the company. Institutional investors collectively own 88.45% of SMPL.
• Analyst sentiment is largely neutral: three analysts rate the stock a Buy, nine rate it a Hold, and one rates it a Sell, with an average price target of $14.45.
• SMPL opened at $11.38, near its 52-week low, while the latest quarter beat earnings and revenue estimates but showed a 6.3% year-over-year revenue decline. The company is also facing investor class-action allegations related to its OWYN acquisition and disclosures.

Empowered Funds LLC purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,791 shares of the financial services provider's stock, valued at approximately $3,331,000. Empowered Funds LLC owned about 0.28% of Simply Good Foods as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Capital Financial Advisors LLC purchased a new stake in shares of Simply Good Foods during the 2nd quarter worth approximately $170,000. Public Employees Retirement System of Ohio purchased a new position in shares of Simply Good Foods in the 2nd quarter valued at $30,000. Corient Private Wealth LP acquired a new stake in Simply Good Foods during the 2nd quarter worth $155,000. Bank of America Corp DE acquired a new stake in Simply Good Foods during the 2nd quarter worth $6,694,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in Simply Good Foods in the second quarter valued at $1,279,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group set a $15.00 price objective on shares of Simply Good Foods in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $14.00 target price on shares of Simply Good Foods in a 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. Sanford C. Bernstein downgraded Simply Good Foods from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $17.00 to $12.00 in a research note on Wednesday, June 3rd. Finally, DA Davidson cut their price target on Simply Good Foods from $39.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.45.

Trending Headlines about Simply Good Foods

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

• Neutral Sentiment: Multiple firms announced that a class action has been filed and reminded investors of the October 13, 2026 deadline to seek lead-plaintiff status. The notices cover investors who purchased SMPL shares during periods generally beginning October 24, 2024, with end dates ranging from April 8 to August 8, 2026. Robbins Geller class action notice
• Negative Sentiment: The lawsuits allege that Simply Good Foods overstated the health of the OWYN business and failed to disclose that integration problems were already occurring, while its public filings allegedly provided inadequate warnings. The allegations concern potential violations of federal securities laws and have not been proven in court. SueWallSt SMPL deadline alert
• Negative Sentiment: Investor notices tie the alleged disclosures to sharp stock repricing on two disclosure dates, with shares falling from class-period highs above $40 to below $11; another notice cites a decline of more than 27%. The litigation could increase legal expenses and create financial, operational and reputational risks for SMPL. KSF Simply Good Foods securities fraud notice
• Negative Sentiment: The concentration of announcements from Robbins Geller, Pomerantz, Bronstein Gewirtz, Rosen, and other firms keeps the OWYN-related allegations in focus and likely explains the heightened selling pressure and above-average trading activity. Pomerantz investor alert

Simply Good Foods Trading Down 0.6%

NASDAQ SMPL opened at $11.38 on Wednesday. The firm's fifty day moving average is $11.57 and its two-hundred day moving average is $12.81. The Simply Good Foods Company has a one year low of $9.88 and a one year high of $28.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80. The firm has a market cap of $1.01 billion, a PE ratio of -5.24 and a beta of 0.15.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced 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. Simply Good Foods had a negative net margin of 14.28% and a positive return on equity of 9.34%. The business had revenue of $356.98 million during the quarter, compared to the consensus estimate of $332.99 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business's quarterly revenue was down 6.3% compared to the same quarter last year. Analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

About Simply Good Foods

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.

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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.

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