Quantbot Technologies LP Increases Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Quantbot Technologies LP grew its position in The Simply Good Foods Company (NASDAQ:SMPL) by 2,015.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 92,971 shares of the financial services provider’s stock after purchasing an additional 88,576 shares during the quarter. Quantbot Technologies LP’s holdings in Simply Good Foods were worth $3,233,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Simply Good Foods by 1.8% in the second quarter. American Century Companies Inc. now owns 19,943 shares of the financial services provider’s stock worth $721,000 after buying an additional 348 shares during the last quarter. Fulton Bank N.A. raised its stake in Simply Good Foods by 4.9% during the 3rd quarter. Fulton Bank N.A. now owns 9,536 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 443 shares during the period. Arizona State Retirement System lifted its holdings in Simply Good Foods by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 26,592 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 533 shares in the last quarter. GAMMA Investing LLC boosted its stake in Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 549 shares during the period. Finally, KBC Group NV grew its stake in Simply Good Foods by 31.9% during the third quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

SMPL opened at $39.92 on Thursday. The firm has a market capitalization of $4.00 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.52 and a beta of 0.64. The business’s 50-day moving average is $34.99 and its two-hundred day moving average is $35.03. The Simply Good Foods Company has a 1 year low of $30.00 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.05 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $375.70 million during the quarter, compared to analyst estimates of $373.07 million. Simply Good Foods had a net margin of 10.46% and a return on equity of 10.23%. Simply Good Foods’s revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Research analysts anticipate that The Simply Good Foods Company will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Timothy Richard Kraft sold 21,209 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.50, for a total transaction of $774,128.50. Following the sale, the insider now owns 40,068 shares in the company, valued at approximately $1,462,482. The trade was a 34.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Scalzo sold 2,374 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $86,010.02. Following the completion of the transaction, the director now directly owns 136,830 shares of the company’s stock, valued at $4,957,350.90. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,869 shares of company stock worth $12,139,570. Insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the subject of a number of research analyst reports. Citigroup cut their price objective on Simply Good Foods from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Stephens lowered their target price on shares of Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.78.

Simply Good Foods Company Profile

The Simply Good Foods Company operates as a consumer-packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.