Mutual of America Capital Management LLC Lowers Position in The Simply Good Foods Company $SMPL

Key Points

• Mutual of America Capital Management LLC reduced its holdings in The Simply Good Foods Company by 25.6% during the second quarter, owning 82,764 shares valued at approximately $2.615 million.
• Simply Good Foods reported earnings of $0.46 per share for the latest quarter, falling short of analysts' expectations, with revenue declining by 1.8% year-over-year.
• Market analysts have given Simply Good Foods an average rating of "Hold," with a consensus target price set at $33.56, indicating mixed sentiment on the stock's future performance.

Mutual of America Capital Management LLC cut its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 25.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,764 shares of the financial services provider's stock after selling 28,421 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Simply Good Foods worth $2,615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SMPL. William Blair Investment Management LLC purchased a new position in Simply Good Foods during the 2nd quarter valued at about $48,841,000. Wellington Management Group LLP boosted its holdings in Simply Good Foods by 18.3% during the 1st quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider's stock valued at $144,703,000 after acquiring an additional 649,258 shares during the period. Victory Capital Management Inc. boosted its holdings in Simply Good Foods by 52.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider's stock valued at $53,087,000 after acquiring an additional 527,089 shares during the period. Stephens Investment Management Group LLC purchased a new position in Simply Good Foods during the 1st quarter valued at about $14,509,000. Finally, Nuveen LLC purchased a new position in Simply Good Foods during the 1st quarter valued at about $14,151,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SMPL has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Simply Good Foods in a report on Wednesday, October 8th. Sanford C. Bernstein set a $45.00 price target on Simply Good Foods and gave the company an "outperform" rating in a research report on Friday, July 11th. Stifel Nicolaus set a $32.00 price target on Simply Good Foods in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $26.00 price target on Simply Good Foods and gave the company a "hold" rating in a research report on Friday. Finally, UBS Group reduced their price target on Simply Good Foods from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $33.56.

Simply Good Foods Price Performance

SMPL stock opened at $20.26 on Friday. The business has a 50 day moving average price of $26.24 and a 200 day moving average price of $31.09. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.22 and a beta of 0.53. The Simply Good Foods Company has a fifty-two week low of $18.47 and a fifty-two week high of $40.53. The company has a quick ratio of 2.46, a current ratio of 3.64 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $369.04 million for the quarter, compared to analysts' expectations of $369.07 million. Simply Good Foods had a return on equity of 10.06% and a net margin of 7.14%.Simply Good Foods's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. Equities research analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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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