Public Sector Pension Investment Board Grows Position in The Simply Good Foods Company $SMPL

Public Sector Pension Investment Board boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 360,768 shares of the financial services provider’s stock after buying an additional 47,660 shares during the quarter. Public Sector Pension Investment Board owned 0.36% of Simply Good Foods worth $8,954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Simply Good Foods by 9.0% in the first quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock worth $2,448,000 after acquiring an additional 5,893 shares during the period. AQR Capital Management LLC boosted its holdings in Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 617 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Simply Good Foods by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock worth $1,891,000 after purchasing an additional 2,850 shares during the period. Caxton Associates LLP purchased a new stake in Simply Good Foods during the 1st quarter valued at $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Simply Good Foods by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock valued at $7,734,000 after buying an additional 21,696 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of research reports. Sanford C. Bernstein restated an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Zacks Research raised Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price target on shares of Simply Good Foods in a research note on Monday, December 15th. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a research note on Friday, October 24th. Finally, UBS Group restated a “neutral” rating on shares of Simply Good Foods in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.67.

Simply Good Foods Stock Down 0.6%

NASDAQ SMPL opened at $15.95 on Tuesday. The Simply Good Foods Company has a 52 week low of $15.85 and a 52 week high of $38.79. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.48 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.08 and a beta of 0.25. The stock’s 50-day moving average price is $19.21 and its 200-day moving average price is $22.58.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company had revenue of $340.20 million during the quarter, compared to analyst estimates of $337.64 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Simply Good Foods Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.