Seizert Capital Partners LLC Has $4.19 Million Stock Position in The Simply Good Foods Company $SMPL

Key Points

• Seizert Capital Partners increased its stake in The Simply Good Foods Company by 637.8% in Q4 to 208,597 shares, a position now worth about $4.19 million (roughly 0.23% of the company).
• Director James M. Kilts purchased 80,000 shares at $12.39 on April 23, raising his holdings to 172,854 shares and contributing to insiders owning 8.76% of the stock.
• Simply Good Foods beat Q1 EPS estimates ($0.45 vs. $0.40) but saw revenue decline 9.4% year-over-year and a negative net margin (-7.46%); analysts hold a consensus "Hold" rating with a $22.64 target amid recent downgrades.

Seizert Capital Partners LLC boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 637.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,597 shares of the financial services provider's stock after buying an additional 180,324 shares during the period. Seizert Capital Partners LLC owned approximately 0.23% of Simply Good Foods worth $4,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SMPL. California State Teachers Retirement System raised its holdings in Simply Good Foods by 0.4% in the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider's stock worth $2,795,000 after purchasing an additional 383 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Simply Good Foods by 6.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider's stock valued at $215,000 after acquiring an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider's stock valued at $31,000 after buying an additional 538 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider's stock worth $656,000 after purchasing an additional 617 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Simply Good Foods by 3.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider's stock valued at $730,000 after buying an additional 750 shares during the last quarter. 88.45% of the stock is owned by institutional investors.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL opened at $13.23 on Monday. The business's 50 day simple moving average is $14.28 and its 200 day simple moving average is $17.75. The Simply Good Foods Company has a 1 year low of $10.21 and a 1 year high of $36.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.06 and a quick ratio of 2.87. The company has a market capitalization of $1.20 billion, a P/E ratio of -11.12 and a beta of 0.21.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last released its earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. The firm had revenue of $326.01 million during the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The company's revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. On average, research analysts anticipate that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Insider Activity at Simply Good Foods

In other news, Director James M. Kilts purchased 80,000 shares of the business's stock in a transaction dated Thursday, April 23rd. The stock was bought at an average price of $12.39 per share, with a total value of $991,200.00. Following the acquisition, the director owned 172,854 shares in the company, valued at approximately $2,141,661.06. The trade was a 86.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded Simply Good Foods from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. UBS Group lowered their price target on Simply Good Foods from $16.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, April 10th. Mizuho set a $30.00 target price on shares of Simply Good Foods in a research note on Thursday, January 15th. TD Cowen cut their price target on shares of Simply Good Foods from $20.00 to $13.00 and set a "hold" rating for the company in a research note on Friday, April 10th. Finally, Morgan Stanley dropped their price objective on Simply Good Foods from $24.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Friday, April 10th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $22.64.

About Simply Good Foods

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.

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