Hillsdale Investment Management Inc. Buys Shares of 118,900 The Simply Good Foods Company (NASDAQ:SMPL)

Hillsdale Investment Management Inc. bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 118,900 shares of the financial services provider’s stock, valued at approximately $4,046,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SMPL. Vanguard Group Inc. boosted its position in Simply Good Foods by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,992,510 shares of the financial services provider’s stock valued at $379,461,000 after acquiring an additional 259,144 shares in the last quarter. Dfpg Investments LLC boosted its position in Simply Good Foods by 14.6% during the 4th quarter. Dfpg Investments LLC now owns 6,141 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 782 shares in the last quarter. Portside Wealth Group LLC boosted its position in Simply Good Foods by 9.8% during the 4th quarter. Portside Wealth Group LLC now owns 7,359 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 654 shares in the last quarter. Pacer Advisors Inc. boosted its position in Simply Good Foods by 121.5% during the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 457 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Simply Good Foods by 14.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 95,696 shares of the financial services provider’s stock valued at $3,790,000 after acquiring an additional 12,356 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen initiated coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th. DA Davidson raised their price objective on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.29.

Insider Buying and Selling

In other Simply Good Foods news, Director James D. White sold 4,000 shares of Simply Good Foods stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the completion of the transaction, the director now owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.98% of the stock is currently owned by company insiders.

Simply Good Foods Stock Performance

SMPL stock traded down $0.94 during midday trading on Monday, reaching $34.95. The stock had a trading volume of 1,464,339 shares, compared to its average volume of 878,175. The stock has a market cap of $3.50 billion, a PE ratio of 24.10, a P/E/G ratio of 2.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 4.05 and a current ratio of 5.19. The firm has a fifty day simple moving average of $36.77 and a two-hundred day simple moving average of $36.22. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. As a group, equities research analysts anticipate that The Simply Good Foods Company will post 1.69 EPS for the current year.

About Simply Good Foods

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.