Norden Group LLC Has $664,000 Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Norden Group LLC boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,042 shares of the financial services provider’s stock after acquiring an additional 2,668 shares during the quarter. Norden Group LLC’s holdings in Simply Good Foods were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Simply Good Foods in the 4th quarter valued at about $26,000. Quarry LP boosted its stake in shares of Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Simply Good Foods by 255.5% in the 4th 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 boosted its stake in shares of Simply Good Foods by 215.6% in the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Simply Good Foods by 31.9% in the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Shares of SMPL opened at $37.88 on Tuesday. 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 Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53. The firm’s 50 day moving average price is $37.19 and its two-hundred day moving average price is $35.95. The firm has a market cap of $3.83 billion, a P/E ratio of 26.87, a PEG ratio of 3.23 and a beta of 0.65.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on SMPL. Mizuho reduced their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Citigroup reduced their price objective on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.22.

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.