Prospector Partners LLC reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 24.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 333,818 shares of the financial services provider’s stock after selling 109,638 shares during the quarter. Prospector Partners LLC owned about 0.33% of Simply Good Foods worth $8,285,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 538 shares during the last quarter. CWM LLC boosted its stake in Simply Good Foods by 343.0% during the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 2,017 shares during the period. State of Wyoming bought a new position in Simply Good Foods in the 2nd quarter worth about $87,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Simply Good Foods in the second quarter valued at approximately $109,000. Finally, Strs Ohio bought a new stake in shares of Simply Good Foods during the first quarter valued at approximately $114,000. 88.45% of the stock is currently owned by institutional investors.
Simply Good Foods Price Performance
Shares of NASDAQ:SMPL opened at $16.12 on Thursday. The company has a market capitalization of $1.49 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 2.02 and a beta of 0.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.24 and a current ratio of 5.01. The stock has a fifty day moving average of $19.10 and a 200-day moving average of $22.43. The Simply Good Foods Company has a one year low of $15.30 and a one year high of $38.16.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Mizuho set a $30.00 price objective on Simply Good Foods in a report on Thursday, January 15th. Jefferies Financial Group lowered their price target on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. Morgan Stanley set a $24.00 price objective on shares of Simply Good Foods in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $22.00 target price on shares of Simply Good Foods in a research note on Monday, December 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Simply Good Foods in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Simply Good Foods presently has an average rating of “Hold” and a consensus price target of $29.67.
View Our Latest Report on SMPL
Simply Good Foods Company 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.
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