Ieq Capital LLC Makes New $1.03 Million Investment in The Simply Good Foods Company $SMPL

Ieq Capital LLC acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 77,581 shares of the financial services provider’s stock, valued at approximately $1,030,000. Ieq Capital LLC owned approximately 0.09% of Simply Good Foods at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted 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 raised its position in 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 worth $33,000 after purchasing an additional 1,132 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Simply Good Foods by 82.3% during the 4th quarter. Hantz Financial Services Inc. now owns 1,787 shares of the financial services provider’s stock worth $36,000 after buying an additional 807 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Simply Good Foods during the 3rd quarter worth $36,000. Finally, Parallel Advisors LLC boosted its position in Simply Good Foods by 167.4% in the 4th quarter. Parallel Advisors LLC now owns 2,126 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,331 shares during the last quarter. 88.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SMPL. Sanford C. Bernstein cut Simply Good Foods from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Wednesday, June 3rd. Zacks Research raised Simply Good Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Jefferies Financial Group set a $15.00 price target on Simply Good Foods in a report on Wednesday. TD Cowen lowered their price objective on Simply Good Foods from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.45.

Simply Good Foods News Roundup

Here are the key news stories impacting Simply Good Foods this week:

• Neutral Sentiment: Implied volatility for SMPL options has surged, signaling elevated investor uncertainty and the potential for larger-than-normal share-price swings. Implied Volatility Surging for Simply Good Foods Stock Options
• Negative Sentiment: Multiple law firms announced or promoted a securities-fraud class action covering investors who purchased SMPL securities from October 24, 2024, through April 8, 2026. The allegations include material misstatements or omissions about OWYN integration, which plaintiffs claim ultimately contributed to more than $200 million in cumulative impairment charges. Investors have until October 13, 2026, to seek lead-plaintiff status. SMPL Deadline: Levi & Korsinsky Investor Notice
• Negative Sentiment: The expanding number of investor-law-firm notices increases the visibility of the litigation and creates potential legal costs, settlement obligations, and reputational damage for Simply Good Foods. The lawsuit relates to an alleged stock decline of more than 27% after the company’s acquisition and integration problems became known. Simply Good Foods Securities Fraud Class Action
• Negative Sentiment: TD Cowen lowered its price target for The Simply Good Foods Company from $13 to $11 and maintained a “Hold” rating. The reduction indicates weaker near-term expectations and limits the perceived upside for the stock. TD Cowen Lowers SMPL Price Target

Simply Good Foods Price Performance

SMPL opened at $10.54 on Thursday. The company has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $12.97. The firm has a market capitalization of $932.38 million, a PE ratio of -4.86 and a beta of 0.15. The Simply Good Foods Company has a 52 week low of $9.88 and a 52 week high of $29.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.10 and a current ratio of 4.80.

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

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.