GAMMA Investing LLC Increases Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

GAMMA Investing LLC increased its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 3,023.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,908 shares of the financial services provider's stock after buying an additional 53,150 shares during the period. GAMMA Investing LLC owned 0.05% of Simply Good Foods worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SMPL. CIBC Private Wealth Group LLC raised its holdings in shares of Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after buying an additional 445 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,229 shares during the period. Quadrant Capital Group LLC increased its stake in Simply Good Foods by 13.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock worth $98,000 after buying an additional 300 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Simply Good Foods by 119.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider's stock valued at $112,000 after buying an additional 1,555 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Simply Good Foods by 45.2% in the 4th quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock valued at $190,000 after buying an additional 1,515 shares during the period. 88.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of recent analyst reports. DA Davidson dropped their price objective on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. UBS Group initiated coverage on shares of Simply Good Foods in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price for the company. Wall Street Zen upgraded shares of Simply Good Foods from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Morgan Stanley raised their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Thursday, April 10th. Finally, Mizuho lifted their price target 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Simply Good Foods has a consensus rating of "Moderate Buy" and a consensus target price of $40.67.

Simply Good Foods Trading Down 2.3%

SMPL opened at $32.32 on Friday. The stock has a market capitalization of $3.26 billion, a PE ratio of 22.92, a P/E/G ratio of 3.23 and a beta of 0.72. The firm's fifty day moving average price is $35.39 and its 200 day moving average price is $36.37. 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 12-month low of $31.25 and a 12-month high of $40.53.

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

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares in the company, valued at $478,252.75. The trade was a 28.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.35% of the stock is owned by insiders.

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.

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