Empowered Funds LLC Has $1.27 Million Position in The Simply Good Foods Company $SMPL

Empowered Funds LLC raised its position in The Simply Good Foods Company (NASDAQ:SMPL) by 2,893.7% in the 1st quarter, Holdings Channel reports. The firm owned 88,194 shares of the financial services provider’s stock after buying an additional 85,248 shares during the period. Empowered Funds LLC’s holdings in Simply Good Foods were worth $1,266,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SMPL. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 538 shares in the last quarter. Leonteq Securities AG grew its holdings in shares of Simply Good Foods by 96.2% in the 1st quarter. Leonteq Securities AG now owns 2,309 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,132 shares during the period. Hantz Financial Services Inc. increased its position in shares of Simply Good Foods by 82.3% in the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock valued at $36,000 after buying an additional 807 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Simply Good Foods in the 3rd quarter valued at $36,000. Finally, Parallel Advisors LLC raised its stake in Simply Good Foods by 167.4% during the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,331 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Down 0.6%

Shares of SMPL stock opened at $11.10 on Friday. The firm has a fifty day moving average of $11.98 and a 200-day moving average of $13.78. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28. The Simply Good Foods Company has a 12-month low of $9.88 and a 12-month high of $30.36. The company has a market capitalization of $981.92 million, a price-to-earnings ratio of -5.12 and a beta of 0.15.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SMPL. Zacks Research upgraded Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. Mizuho set a $19.00 price target on Simply Good Foods in a research report on Monday, May 4th. DA Davidson cut their price objective on Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Sanford C. Bernstein cut Simply Good Foods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $17.00 to $12.00 in a report on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.20.

Insider Transactions at Simply Good Foods

In other news, Director Clayton C. Daley, Jr. purchased 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $11.78 per share, with a total value of $117,800.00. Following the purchase, the director directly owned 111,743 shares of the company’s stock, valued at $1,316,332.54. This trade represents a 9.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.