The Simply Good Foods Company $SMPL Stock Holdings Boosted by Magnetar Financial LLC

Magnetar Financial LLC grew its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 134.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 141,076 shares of the financial services provider’s stock after purchasing an additional 80,795 shares during the quarter. Magnetar Financial LLC owned 0.14% of Simply Good Foods worth $3,502,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Simply Good Foods by 125.4% in the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares during the period. CWM LLC boosted its stake in Simply Good Foods by 343.0% during the third quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock valued at $65,000 after buying an additional 2,017 shares in the last quarter. State of Wyoming acquired a new position in Simply Good Foods during the second quarter worth about $87,000. Elevation Point Wealth Partners LLC bought a new stake in Simply Good Foods in the second quarter worth about $109,000. Finally, Strs Ohio bought a new stake in Simply Good Foods in the first quarter worth about $114,000. Institutional investors own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Simply Good Foods stock opened at $14.83 on Thursday. The Simply Good Foods Company has a fifty-two week low of $14.57 and a fifty-two week high of $38.15. The firm’s 50 day simple moving average is $18.14 and its 200-day simple moving average is $21.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.01 and a quick ratio of 3.24. The company has a market cap of $1.37 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.95 and a beta of 0.26.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, beating 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 business had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. As a group, equities research analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current year.

Analysts Set New Price Targets

SMPL has been the subject of a number of research analyst reports. Sanford C. Bernstein reissued an “outperform” rating on shares of Simply Good Foods in a report on Friday, January 9th. UBS Group reissued a “neutral” rating on shares of Simply Good Foods in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $22.00 price objective on shares of Simply Good Foods in a research report on Monday, December 15th. Finally, Zacks Research cut Simply Good Foods from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.67.

About Simply Good Foods

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.