The Simply Good Foods Company $SMPL Shares Acquired by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors increased its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 281.4% in Q4, buying 109,929 shares to hold 148,999 shares (about $2.99M or 0.16% of the company).
• Analysts are split but the MarketBeat consensus is a "Hold" rating with an average price target of $28.33 (five Buy, five Hold, one Sell), and several firms have recently revised targets, including UBS cutting its target to $16.
• Simply Good Foods slightly beat Q4 estimates with $0.39 EPS vs. $0.36 expected and $340.2M revenue (down 0.3% YoY); the stock opened at $14.16, with a market cap of $1.31B and a 1‑year range of $13.62–$38.15.

Harbor Capital Advisors Inc. increased its position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 281.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 148,999 shares of the financial services provider's stock after purchasing an additional 109,929 shares during the quarter. Harbor Capital Advisors Inc. owned 0.16% of Simply Good Foods worth $2,992,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Simply Good Foods by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider's stock valued at $106,443,000 after purchasing an additional 346,395 shares during the last quarter. State Street Corp raised its stake in shares of Simply Good Foods by 0.4% during the 2nd quarter. State Street Corp now owns 3,645,749 shares of the financial services provider's stock worth $115,169,000 after buying an additional 14,089 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Simply Good Foods by 16.0% in the 3rd quarter. Boston Trust Walden Corp now owns 3,520,960 shares of the financial services provider's stock worth $87,390,000 after buying an additional 486,837 shares in the last quarter. William Blair Investment Management LLC grew its stake in Simply Good Foods by 7.0% in the 3rd quarter. William Blair Investment Management LLC now owns 1,654,737 shares of the financial services provider's stock valued at $41,071,000 after acquiring an additional 108,638 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Simply Good Foods by 119.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,313,726 shares of the financial services provider's stock valued at $32,607,000 after acquiring an additional 715,110 shares during the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $22.00 price target on shares of Simply Good Foods in a research report on Monday, December 15th. Mizuho set a $30.00 target price on Simply Good Foods in a research note on Thursday, January 15th. Weiss Ratings reiterated a "sell (d)" rating on shares of Simply Good Foods in a report on Monday, December 29th. UBS Group cut their price target on Simply Good Foods from $23.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Zacks Research downgraded Simply Good Foods from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $28.33.

Simply Good Foods Stock Performance

NASDAQ:SMPL opened at $14.16 on Friday. The firm has a 50 day simple moving average of $16.07 and a 200-day simple moving average of $19.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The firm has a market cap of $1.31 billion, a PE ratio of 15.73 and a beta of 0.33. The Simply Good Foods Company has a 1-year low of $13.62 and a 1-year high of $38.15.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last announced its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.03. The firm had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. Simply Good Foods's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 earnings per share. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Simply Good Foods Profile

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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