Xponance Inc. Buys 928 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Xponance Inc. boosted its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 15.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,923 shares of the financial services provider’s stock after buying an additional 928 shares during the period. Xponance Inc.’s holdings in Simply Good Foods were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Simply Good Foods in the fourth quarter valued at $26,000. Quarry LP raised its position in Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 533 shares during the period. Smartleaf Asset Management LLC lifted its stake in Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,229 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,201 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,555 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.

Simply Good Foods Price Performance

Shares of SMPL opened at $34.05 on Friday. The company has a 50 day moving average of $36.32 and a two-hundred day moving average of $36.21. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. As a group, analysts predict that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SMPL. Morgan Stanley began coverage on Simply Good Foods in a report on Monday. They set an “equal weight” rating and a $36.00 price objective for the company. Mizuho reduced their target price on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus price target of $39.56.

Simply Good Foods 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.