The Simply Good Foods Company $SMPL Stock Position Increased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp boosted its stake in The Simply Good Foods Company by 468.7% in Q3, buying an additional 171,745 shares to hold 208,385 shares (about 0.22% of the company) worth roughly $5.17 million.
• The company slightly beat quarterly expectations with $0.39 EPS (vs. $0.36 est.) and $340.2M revenue (vs. $337.6M est.), but revenue was down 0.3% year-over-year; the firm has a $1.33B market cap, a P/E of 16.01, and shares are trading near their one-year low.
• Wall Street sentiment is mixed with a consensus "Hold" rating and $28.33 target, reflecting a split of five Buys, five Holds and one Sell among analysts.

Tudor Investment Corp ET AL lifted its position in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 468.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,385 shares of the financial services provider's stock after buying an additional 171,745 shares during the period. Tudor Investment Corp ET AL owned approximately 0.22% of Simply Good Foods worth $5,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System lifted its position in shares of Simply Good Foods by 0.4% during the 2nd 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 last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Simply Good Foods by 6.1% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider's stock worth $215,000 after purchasing an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider's stock worth $31,000 after purchasing an additional 538 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Simply Good Foods by 3.4% during the 1st 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 during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Simply Good Foods by 3.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider's stock worth $730,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $14.41 on Thursday. The stock's fifty day simple moving average is $15.75 and its 200 day simple moving average is $19.18. 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 $1.33 billion, a price-to-earnings ratio of 16.01 and a beta of 0.33. The Simply Good Foods Company has a one year low of $13.62 and a one year high of $38.15.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SMPL shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $22.00 price objective on shares of Simply Good Foods in a research report on Monday, December 15th. Weiss Ratings reissued a "sell (d)" rating on shares of Simply Good Foods in a research report on Monday, December 29th. UBS Group cut their price objective on Simply Good Foods from $23.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, April 2nd. Zacks Research cut Simply Good Foods from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group raised Simply Good Foods from a "hold" rating to a "buy" rating and cut their price objective for the stock from $23.00 to $22.00 in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Simply Good Foods presently has a consensus rating of "Hold" and a consensus target price of $28.33.

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.

Want to see what other hedge funds are holding SMPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Simply Good Foods Company (NASDAQ:SMPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.