Nebula Research & Development LLC Purchases 13,753 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Nebula Research & Development LLC lifted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,354 shares of the financial services provider's stock after purchasing an additional 13,753 shares during the quarter. Nebula Research & Development LLC's holdings in Simply Good Foods were worth $1,495,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. R Squared Ltd bought a new position in Simply Good Foods in the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC increased its stake in 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 valued at $38,000 after acquiring an additional 445 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 1,229 shares in the last quarter. GAMMA Investing LLC lifted its stake in Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Simply Good Foods by 13.5% in the 4th 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 in the last quarter. Institutional investors own 88.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMPL. DA Davidson raised their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a "neutral" rating in a research note on Friday, April 11th. UBS Group initiated coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 target price on the stock. Mizuho upped their price target on shares of Simply Good Foods from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Friday, April 11th. Finally, Morgan Stanley boosted their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the senior vice president now owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This trade represents a 28.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.35% of the stock is currently owned by corporate insiders.

Simply Good Foods Trading Down 0.3 %

SMPL traded down $0.12 during trading on Thursday, hitting $35.99. The company's stock had a trading volume of 254,731 shares, compared to its average volume of 919,874. The firm has a market capitalization of $3.64 billion, a P/E ratio of 25.51, a PEG ratio of 3.23 and a beta of 0.63. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The stock's fifty day moving average price is $35.46 and its 200-day moving average price is $36.50. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL - Get Free Report) last issued its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $359.70 million for the quarter, compared to analyst estimates of $354.50 million. During the same period in the prior year, the firm earned $0.40 earnings per share. Simply Good Foods's revenue was up 15.2% on a year-over-year basis. Analysts anticipate that The Simply Good Foods Company will post 1.78 EPS for the current year.

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.