Jupiter Asset Management Ltd. Buys Shares of 9,527 The Simply Good Foods Company (NASDAQ:SMPL)

Jupiter Asset Management Ltd. bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,527 shares of the financial services provider's stock, valued at approximately $329,000.

Other large investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its stake in 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 valued at $38,000 after purchasing an additional 445 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 300 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Simply Good Foods in the first quarter valued at approximately $105,000. Nisa Investment Advisors LLC increased its position in shares of Simply Good Foods by 24.7% during the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock worth $131,000 after acquiring an additional 754 shares in the last quarter. Finally, Bayforest Capital Ltd increased its position in shares of Simply Good Foods by 13.8% during the first 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 in the last quarter. Institutional investors own 88.45% of the company's stock.

Analysts Set New Price Targets

SMPL has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, June 27th. Morgan Stanley increased their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. DA Davidson lowered 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. Wall Street Zen downgraded shares of Simply Good Foods from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Sanford C. Bernstein set a $45.00 price objective on shares of Simply Good Foods and gave the stock an "outperform" rating in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Simply Good Foods currently has an average rating of "Moderate Buy" and an average price target of $39.88.

Simply Good Foods Stock Performance

Shares of SMPL opened at $30.66 on Tuesday. The Simply Good Foods Company has a 12 month low of $30.01 and a 12 month high of $40.53. The firm has a fifty day simple moving average of $32.72 and a 200 day simple moving average of $34.88. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.95 and a beta of 0.59. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business had revenue of $380,956 billion during the quarter, compared to analysts' expectations of $381.68 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. Research analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Geoff E. Tanner purchased 6,050 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was purchased at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the completion of the purchase, the chief executive officer directly owned 98,190 shares in the company, valued at $3,251,070.90. The trade was a 6.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.35% of the stock is currently owned by corporate insiders.

Simply Good Foods 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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