Quantbot Technologies LP purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 106,194 shares of the financial services provider's stock, valued at approximately $1,410,000. Quantbot Technologies LP owned about 0.12% of Simply Good Foods as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SMPL. BlackRock Inc. purchased a new stake in shares of Simply Good Foods during the second quarter worth approximately $180,913,000. River Road Asset Management LLC purchased a new position in Simply Good Foods during the 4th quarter worth $31,857,000. Marshall Wace LLP acquired a new stake in shares of Simply Good Foods in the 3rd quarter worth $31,825,000. Oaktree Capital Management LP acquired a new stake in shares of Simply Good Foods in the 1st quarter worth $16,200,000. Finally, Millennium Management LLC boosted its holdings in shares of Simply Good Foods by 482.7% in the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider's stock valued at $30,932,000 after acquiring an additional 1,032,358 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on SMPL shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $14.00 price target on shares of Simply Good Foods in a report on Friday, July 10th. Mizuho set a $19.00 target price on Simply Good Foods in a research note on Monday, May 4th. DA Davidson reduced their price target on Simply Good Foods from $39.00 to $14.00 and set a "neutral" rating for the company in a report on Friday, July 10th. TD Cowen restated a "hold" rating on shares of Simply Good Foods in a research note on Friday, July 10th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Simply Good Foods in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $15.20.
View Our Latest Research Report on SMPL
Simply Good Foods Price Performance
SMPL stock opened at $10.95 on Wednesday. The firm has a 50 day moving average of $11.71 and a 200-day moving average of $13.02. The company has a market cap of $968.64 million, a price-to-earnings ratio of -5.05 and a beta of 0.15. The company has a current ratio of 4.80, a quick ratio of 3.10 and a debt-to-equity ratio of 0.28. The Simply Good Foods Company has a 12-month low of $9.88 and a 12-month high of $29.44.
Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business had revenue of $356.98 million for the quarter, compared to analysts' expectations of $332.99 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The company's revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.
Simply Good Foods News Summary
Here are the key news stories impacting Simply Good Foods this week:
- Negative Sentiment: Several firms, including Pomerantz, announced or promoted a class action against Simply Good Foods and certain officers. The primary class period cited is October 24, 2024, through April 8, 2026, with investors who suffered losses encouraged to participate. Pomerantz investor alert
- Negative Sentiment: Investor-rights firms highlighted allegations that Simply Good Foods failed to disclose problems with the OWYN integration and acquisition performance. The legal overhang increases potential costs, reputational risk and uncertainty around management disclosures. Kahn Swick & Foti lawsuit alert
- Negative Sentiment: The October 13, 2026 deadline for investors to seek appointment as lead plaintiff was reiterated by multiple firms, generating a wave of additional lawsuit-related headlines and keeping the litigation issue in focus for shareholders. Rosen lawsuit deadline alert
- Neutral Sentiment: A reported short-interest update showed zero shares short versus zero previously, with a zero-day days-to-cover ratio. Because the figures include an undefined percentage change and appear inconsistent, they provide no reliable signal for SMPL’s direction.
About Simply Good Foods
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Simply Good Foods Company (NASDAQ:SMPL - Free Report).
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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