6 days Ago By Defense World Staff
Alliancebernstein L.P. trimmed its position in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) by 6.
1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 100,842 shares of the financial services provider’s stock after selling 6,544 shares during the period. Alliancebernstein L.
P. owned about 0.10% of Simply Good Foods worth $3,931,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in SMPL. Captrust Financial Advisors acquired a new stake in shares of Simply Good Foods during the 3rd quarter worth approximately $238,000. HighTower Advisors LLC grew its holdings in Simply Good Foods by 3.
9% during the 3rd quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 501 shares during the period. Stifel Financial Corp raised its position in shares of Simply Good Foods by 1.
9% during the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock valued at $928,000 after acquiring an additional 498 shares during the last quarter. Barclays PLC raised its position in shares of Simply Good Foods by 396.
7% during the 3rd quarter. Barclays PLC now owns 165,201 shares of the financial services provider’s stock valued at $5,744,000 after acquiring an additional 131,939 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Simply Good Foods by 0.
5% in the 3rd quarter. Geode Capital Management LLC now owns 2,142,679 shares of the financial services provider’s stock worth $74,515,000 after purchasing an additional 10,477 shares during the last quarter. 88.
45% of the stock is owned by institutional investors and hedge funds. Simply Good Foods Price PerformanceNASDAQ SMPL opened at $37.57 on Tuesday.
The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.
23. The Simply Good Foods Company has a 52-week low of $31.25 and a 52-week high of $40.
53. The business has a 50 day simple moving average of $35.76 and a 200 day simple moving average of $36.
34. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 26.
65, a PEG ratio of 3.23 and a beta of 0.63.
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.
40 by $0.06. The business had revenue of $359.
70 million for the quarter, compared to analyst estimates of $354.50 million. Simply Good Foods had a net margin of 10.
40% and a return on equity of 10.25%. The firm’s quarterly revenue was up 15.
2% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share.
Analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year. Insider Transactions at Simply Good FoodsIn other news, SVP Stuart E.
Jr. Heflin sold 5,000 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.
25, for a total value of $186,250.00. Following the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at $478,252.
75. The trade was a 28.03 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.35% of the stock is owned by insiders.
Wall Street Analysts Forecast GrowthA number of equities research analysts recently commented on SMPL shares. DA Davidson upped their price objective on Simply Good Foods from $35.00 to $41.
00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley upped their price target on Simply Good Foods from $36.00 to $37.
00 and gave the company an “equal weight” rating in a research note on Thursday, April 10th. Finally, Mizuho lifted their price objective on shares of Simply Good Foods from $45.00 to $47.
00 and gave the stock an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.
22.Read Our Latest Analysis on Simply Good FoodsSimply Good Foods Company Profile (Free Report)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.Further ReadingFive stocks we like better than Simply Good FoodsUsing the MarketBeat Dividend Tax CalculatorWhy NVIDIA Stock Could Soar Despite Wall Street Downgrades2 Fintech Stocks to Buy Now and 1 to AvoidTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldWhat is a Low P/E Ratio and What Does it Tell Investors?3 Hot New IPOs Defying the 2025 Market Slump.
