The Simply Good Foods Company (NASDAQ:SMPL) Shares Purchased by Savoir Faire Capital Management L.P.

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

A number of other hedge funds also recently bought and sold shares of SMPL. Raymond James Financial Inc. purchased a new stake in shares of Simply Good Foods during the 4th quarter valued at $1,863,000. Swiss National Bank boosted its position in Simply Good Foods by 0.7% during the fourth quarter. Swiss National Bank now owns 187,100 shares of the financial services provider's stock worth $7,293,000 after acquiring an additional 1,300 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Simply Good Foods by 6.2% during the 4th quarter. Natixis Advisors LLC now owns 19,984 shares of the financial services provider's stock worth $779,000 after acquiring an additional 1,171 shares during the period. Cibc World Markets Corp acquired a new stake in Simply Good Foods during the fourth quarter worth $333,000. Finally, Xponance Inc. raised its holdings in Simply Good Foods by 15.5% in the 4th quarter. Xponance Inc. now owns 6,923 shares of the financial services provider's stock valued at $270,000 after buying an additional 928 shares during the period. Hedge funds and other institutional investors own 88.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho reduced their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 15th. UBS Group set a $36.00 target price on shares of Simply Good Foods and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein set a $45.00 target price on shares of Simply Good Foods and gave the stock an "outperform" rating in a report on Friday, July 11th. Citigroup decreased their target price on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, June 18th. Finally, DA Davidson dropped their price objective on Simply Good Foods from $42.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $39.88.

Simply Good Foods Trading Up 0.4%

Shares of NASDAQ:SMPL traded up $0.12 during midday trading on Tuesday, hitting $32.87. 2,273,227 shares of the stock were exchanged, compared to its average volume of 1,012,107. The business's 50-day moving average price is $33.39 and its 200 day moving average price is $35.08. The Simply Good Foods Company has a 12 month low of $30.47 and a 12 month high of $40.53. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 3.21 and a beta of 0.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95.

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

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.