Quantinno Capital Management LP Increases Stake in The Simply Good Foods Company $SMPL

Quantinno Capital Management LP lifted its position in The Simply Good Foods Company (NASDAQ:SMPL) by 748.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,189 shares of the financial services provider’s stock after acquiring an additional 255,998 shares during the quarter. Quantinno Capital Management LP owned 0.32% of Simply Good Foods worth $4,164,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SMPL. Vanguard Group Inc. grew its holdings in Simply Good Foods by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 10,631,429 shares of the financial services provider’s stock valued at $213,479,000 after purchasing an additional 249,405 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Simply Good Foods by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,680 shares of the financial services provider’s stock valued at $106,443,000 after buying an additional 346,395 shares during the period. State Street Corp grew its stake in shares of Simply Good Foods by 0.4% during the second quarter. State Street Corp now owns 3,645,749 shares of the financial services provider’s stock valued at $115,169,000 after buying an additional 14,089 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Simply Good Foods by 10.0% in the first quarter. Boston Trust Walden Corp now owns 3,635,464 shares of the financial services provider’s stock worth $52,169,000 after buying an additional 330,330 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Simply Good Foods by 28.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,124,640 shares of the financial services provider’s stock worth $42,663,000 after buying an additional 469,903 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.

Simply Good Foods Stock Performance

SMPL stock opened at $11.10 on Friday. The Simply Good Foods Company has a 1-year low of $9.88 and a 1-year high of $30.36. The business has a 50-day moving average price of $11.98 and a 200 day moving average price of $13.78. The company has a market capitalization of $981.91 million, a P/E ratio of -5.12 and a beta of 0.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.80 and a quick ratio of 3.10.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.07. Simply Good Foods had a negative net margin of 14.28% and a positive return on equity of 9.34%. The company had revenue of $356.98 million for the quarter, compared to analysts’ expectations of $332.99 million. During the same period in the prior year, the business earned $0.51 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMPL has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $17.00 price objective on Simply Good Foods in a report on Tuesday, June 30th. Stephens reiterated an “equal weight” rating and set a $14.00 target price (down from $24.00) on shares of Simply Good Foods in a research report on Friday, April 10th. Stifel Nicolaus cut their price target on shares of Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 10th. DA Davidson reduced their price target on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.20.

Insider Activity

In other Simply Good Foods news, Director Clayton C. Daley, Jr. acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of $11.78 per share, with a total value of $117,800.00. Following the completion of the acquisition, the director directly owned 111,743 shares in the company, valued at $1,316,332.54. This represents a 9.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.76% of the company’s stock.

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.