Susquehanna Fundamental Investments LLC Invests $6.57 Million in The Simply Good Foods Company (NASDAQ:SMPL)

Susquehanna Fundamental Investments LLC bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 168,486 shares of the financial services provider's stock, valued at approximately $6,568,000. Susquehanna Fundamental Investments LLC owned 0.17% of Simply Good Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Simply Good Foods during the 4th quarter valued at about $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of Simply Good Foods by 72.4% during 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 purchasing an additional 445 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 during the last quarter. GAMMA Investing LLC raised its position in shares of Simply Good Foods by 215.6% during the 4th 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 period. Finally, Quadrant Capital Group LLC lifted 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 worth $98,000 after purchasing an additional 300 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

Shares of NASDAQ:SMPL traded up $0.74 during trading on Friday, reaching $36.70. The company had a trading volume of 722,247 shares, compared to its average volume of 920,036. The firm's fifty day moving average is $35.42 and its 200 day moving average is $36.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The firm has a market capitalization of $3.71 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53.

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

Insider Activity at Simply Good Foods

In other Simply Good Foods news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the company'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 completion of the sale, the senior vice president now directly owns 12,839 shares of the company's stock, valued at approximately $478,252.75. This 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 this hyperlink. Company insiders own 9.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SMPL. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, April 11th. 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 research report on Friday, April 11th. UBS Group assumed coverage on shares of Simply Good Foods in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $41.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.00.

Simply Good Foods 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.