Handelsbanken Fonder AB Boosts Holdings in The Simply Good Foods Company (NASDAQ:SMPL)

Handelsbanken Fonder AB grew its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 990,500 shares of the financial services provider’s stock after buying an additional 256,200 shares during the quarter. Handelsbanken Fonder AB owned 0.98% of Simply Good Foods worth $38,610,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Simply Good Foods in the 4th quarter valued at approximately $26,000. Quarry LP lifted its holdings in Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 533 shares during the period. GAMMA Investing LLC lifted its holdings in Simply Good Foods by 215.6% in the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,201 shares during the period. KBC Group NV boosted its position in shares of Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 746 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Simply Good Foods by 39.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,450 shares of the financial services provider’s stock worth $134,000 after buying an additional 976 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Ratings Changes

SMPL has been the topic of several research reports. Mizuho lowered their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Citigroup cut their target price on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Simply Good Foods currently has an average rating of “Moderate Buy” and a consensus target price of $40.22.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $37.11 on Friday. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.75 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 3.24 and a beta of 0.65. The business’s 50-day moving average price is $37.43 and its 200 day moving average price is $35.69. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.43 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 $341.30 million for the quarter, compared to analyst estimates of $347.32 million. During the same period in the prior year, the firm posted $0.43 EPS. The company’s revenue was up 10.6% on a year-over-year basis. On average, research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share 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.