Stephens Investment Management Group LLC Purchases Shares of 420,671 The Simply Good Foods Company (NASDAQ:SMPL)

Stephens Investment Management Group LLC bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 420,671 shares of the financial services provider's stock, valued at approximately $14,509,000. Stephens Investment Management Group LLC owned about 0.42% of Simply Good Foods at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in shares of Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider's stock worth $38,000 after acquiring an additional 445 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 300 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Simply Good Foods by 24.7% during the first quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider's stock valued at $131,000 after purchasing an additional 754 shares during the period. Covestor Ltd grew its position in shares of Simply Good Foods by 45.2% during the fourth quarter. Covestor Ltd now owns 4,869 shares of the financial services provider's stock worth $190,000 after buying an additional 1,515 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Simply Good Foods during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 88.45% of the company's stock.

Simply Good Foods Stock Up 0.9%

Shares of NASDAQ:SMPL traded up $0.29 during mid-day trading on Thursday, reaching $33.36. 1,355,721 shares of the stock were exchanged, compared to its average volume of 1,008,880. The company has a quick ratio of 2.46, a current ratio of 3.95 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $33.58 and its 200-day simple moving average is $35.24. The company has a market cap of $3.35 billion, a P/E ratio of 23.33, a P/E/G ratio of 3.24 and a beta of 0.68. The Simply Good Foods Company has a one year low of $30.47 and a one year high of $40.53.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $380,956 billion during the quarter, compared to the consensus estimate of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SMPL shares. Stifel Nicolaus dropped their target price on shares of Simply Good Foods from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, June 27th. Wall Street Zen downgraded Simply Good Foods from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup lowered their target price on Simply Good Foods from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, June 18th. Mizuho lowered their price target on Simply Good Foods from $47.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Sanford C. Bernstein set a $45.00 target price on Simply Good Foods and gave the stock an "outperform" rating in a report on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.