Tower Research Capital LLC TRC purchased a new stake in shares of Simply Good Foods Co (NASDAQ:SMPL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,297 shares of the financial services provider’s stock, valued at approximately $152,000.
A number of other large investors have also bought and sold shares of SMPL. NumerixS Investment Technologies Inc bought a new stake in Simply Good Foods during the first quarter valued at about $92,000. Aperio Group LLC bought a new stake in Simply Good Foods during the second quarter valued at about $102,000. C M Bidwell & Associates Ltd. raised its holdings in Simply Good Foods by 42.1% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,675 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 1,680 shares during the period. Diversified Trust Co bought a new stake in Simply Good Foods during the first quarter valued at about $203,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Simply Good Foods in the second quarter worth about $205,000. 85.86% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on SMPL. Buckingham Research lifted their target price on Simply Good Foods from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Zacks Investment Research raised Simply Good Foods from a “sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Co began coverage on Simply Good Foods in a report on Monday, September 9th. They issued an “outperform” rating and a $35.00 target price on the stock. ValuEngine cut Simply Good Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Sanford C. Bernstein began coverage on Simply Good Foods in a report on Monday, August 12th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $29.00.
Shares of SMPL stock traded down $0.66 during trading hours on Wednesday, hitting $28.80. The stock had a trading volume of 8,760 shares, compared to its average volume of 654,527. Simply Good Foods Co has a one year low of $16.55 and a one year high of $31.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 8.63 and a quick ratio of 7.57. The stock’s 50-day moving average price is $28.51 and its two-hundred day moving average price is $24.59. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 49.66 and a beta of 0.80.
Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The firm had revenue of $139.50 million for the quarter, compared to analysts’ expectations of $120.85 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. As a group, equities research analysts predict that Simply Good Foods Co will post 0.69 earnings per share for the current fiscal year.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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