Hillsdale Investment Management Inc. Acquires New Shares in The Simply Good Foods Company (NASDAQ:SMPL)

Hillsdale Investment Management Inc. acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 118,900 shares of the financial services provider’s stock, valued at approximately $4,046,000. Hillsdale Investment Management Inc. owned approximately 0.12% of Simply Good Foods as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Simply Good Foods by 2.4% during the third quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after purchasing an additional 259,144 shares in the last quarter. Dfpg Investments LLC grew its holdings in shares of Simply Good Foods by 14.6% during the fourth quarter. Dfpg Investments LLC now owns 6,141 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 782 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Simply Good Foods by 9.8% during the fourth quarter. Portside Wealth Group LLC now owns 7,359 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 654 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Simply Good Foods by 121.5% during the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 457 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Simply Good Foods by 14.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 95,696 shares of the financial services provider’s stock worth $3,790,000 after purchasing an additional 12,356 shares during the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Down 2.6 %

Shares of NASDAQ:SMPL traded down $0.94 during trading on Monday, reaching $34.95. 1,464,339 shares of the stock were exchanged, compared to its average volume of 878,175. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.19 and a quick ratio of 4.05. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $43.00. The stock has a fifty day moving average of $36.77 and a two-hundred day moving average of $36.22. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. Simply Good Foods’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts anticipate that The Simply Good Foods Company will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SMPL shares. Deutsche Bank Aktiengesellschaft boosted their price target on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, June 14th. Mizuho reiterated a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson upped their target price on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, July 1st. Stifel Nicolaus upped their target price on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.29.

Insider Buying and Selling at Simply Good Foods

In other Simply Good Foods news, Director James D. White sold 4,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the transaction, the director now owns 17,027 shares in the company, valued at approximately $649,920.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.98% of the company’s stock.

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.