Savoir Faire Capital Management L.P. Increases Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Savoir Faire Capital Management L.P. lifted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 113.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,280 shares of the financial services provider's stock after purchasing an additional 28,280 shares during the quarter. Simply Good Foods accounts for 1.6% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 27th largest position. Savoir Faire Capital Management L.P. owned 0.05% of Simply Good Foods worth $1,838,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SMPL. FMR LLC boosted its position in shares of Simply Good Foods by 86.5% during the 4th quarter. FMR LLC now owns 9,566,199 shares of the financial services provider's stock worth $372,890,000 after acquiring an additional 4,437,372 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Simply Good Foods by 10.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,811,128 shares of the financial services provider's stock valued at $148,558,000 after buying an additional 366,072 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Simply Good Foods by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,553,864 shares of the financial services provider's stock valued at $138,528,000 after buying an additional 90,444 shares in the last quarter. Wellington Management Group LLP boosted its position in Simply Good Foods by 23.5% in the fourth quarter. Wellington Management Group LLP now owns 3,546,239 shares of the financial services provider's stock valued at $138,232,000 after buying an additional 674,618 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in Simply Good Foods by 1.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,916,389 shares of the financial services provider's stock valued at $74,701,000 after buying an additional 31,855 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Stock Down 1.9%

Simply Good Foods stock traded down $0.63 during midday trading on Friday, hitting $32.73. 832,703 shares of the stock were exchanged, compared to its average volume of 1,007,092. The Simply Good Foods Company has a 52-week low of $30.47 and a 52-week high of $40.53. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 3.21 and a beta of 0.68. The business's 50-day moving average price is $33.51 and its 200-day moving average price is $35.17. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $380,956 billion for the quarter, compared to analysts' expectations of $381.68 million. During the same period in the previous year, the company earned $0.50 earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SMPL shares. DA Davidson dropped their price target on shares of Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Citigroup lowered their target price on shares of Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. UBS Group set a $36.00 target price on shares of Simply Good Foods and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Stifel Nicolaus lowered their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, June 27th. Finally, Mizuho lowered their target price on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $39.88.

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.