WINTON GROUP Ltd Lowers Stock Position in The Simply Good Foods Company $SMPL

Key Points

• WINTON GROUP Ltd cut its Simply Good Foods stake by 51.4% in the second quarter, selling 214,108 shares and retaining 202,150 shares valued at approximately $2.69 million.
• Simply Good Foods shares opened at $9.84, near their 12-month low of $9.83. The company exceeded quarterly earnings and revenue estimates, but revenue declined 6.3% year over year and net margin remained negative.
• Analysts maintain a consensus “Hold” rating with an average price target of $14.45, while several firms recently lowered their targets. The company also faces securities-class-action allegations related to its approximately $280 million OWYN acquisition; the claims have not been proven.

WINTON GROUP Ltd lessened its stake in The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 51.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,150 shares of the financial services provider's stock after selling 214,108 shares during the period. WINTON GROUP Ltd owned approximately 0.23% of Simply Good Foods worth $2,685,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Oaktree Capital Management LP bought a new position in Simply Good Foods in the first quarter valued at $16,200,000. Legal & General Group Plc purchased a new position in shares of Simply Good Foods in the 2nd quarter worth about $2,566,000. Pacer Advisors Inc. bought a new position in shares of Simply Good Foods during the 4th quarter valued at about $6,499,000. New Age Alpha Advisors LLC raised its holdings in shares of Simply Good Foods by 2,413.6% during the 4th quarter. New Age Alpha Advisors LLC now owns 173,414 shares of the financial services provider's stock valued at $3,482,000 after buying an additional 166,515 shares in the last quarter. Finally, Villanova Investment Management Co LLC bought a new stake in Simply Good Foods in the 4th quarter worth approximately $1,794,000. Institutional investors own 88.45% of the company's stock.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock opened at $9.84 on Friday. The company's fifty day simple moving average is $11.20 and its two-hundred day simple moving average is $12.54. The Simply Good Foods Company has a 12-month low of $9.83 and a 12-month high of $27.52. The firm has a market cap of $870.45 million, a PE ratio of -4.53 and a beta of 0.17. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last posted its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.07. The company had revenue of $356.98 million during the quarter, compared to analyst estimates of $332.99 million. Simply Good Foods had a negative net margin of 14.28% and a positive return on equity of 9.34%. Simply Good Foods's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. TD Cowen reduced their price target on shares of Simply Good Foods from $13.00 to $11.00 and set a "hold" rating on the stock in a research report on Wednesday, August 26th. Jefferies Financial Group set a $15.00 target price on shares of Simply Good Foods in a report on Wednesday, August 26th. DA Davidson lowered their price target on shares of Simply Good Foods from $39.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, July 10th. Sanford C. Bernstein lowered shares of Simply Good Foods from an "outperform" rating to a "market perform" rating and cut their price target for the company from $17.00 to $12.00 in a research report on Wednesday, June 3rd. Finally, Zacks Research raised Simply Good Foods from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Simply Good Foods has a consensus rating of "Hold" and an average price target of $14.45.

Key Simply Good Foods News

Here are the key news stories impacting Simply Good Foods this week:

• Negative Sentiment: The lawsuit alleges that Simply Good Foods and certain executives misled investors about the performance and success of the company’s approximately $280 million OWYN acquisition and integration. One investor notice claims that more than 70% of the acquisition price was eventually written off, potentially exposing the company to financial damages, legal costs and reputational harm. These allegations have not been proven. SMPL Shareholder Alert
• Negative Sentiment: Multiple firms—including Robbins LLP, SBS Law, Kaplan Fox, Bronstein Gewirtz & Grossman, Bernstein Liebhard, Pomerantz and others—are soliciting investors connected with the same class action. The litigation covers purchases of SMPL shares from October 24, 2024, through April 8, 2026, and alleges violations of federal securities laws, including Sections 10(b) and 20(a) and Rule 10b-5. Robbins LLP class-action notice
• Neutral Sentiment: Investors have until October 13, 2026, to seek appointment as lead plaintiff. The deadline is a procedural step and does not establish liability, but continued litigation could keep attention focused on the company’s acquisition accounting and disclosures. Kaplan Fox deadline notice
• Neutral Sentiment: A reported short-interest update lists zero shares short and a zero-day days-to-cover ratio, making the data unusable as a meaningful explanation for SMPL’s trading activity.

Simply Good Foods Company 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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