The Simply Good Foods Company (NASDAQ:SMPL) Stock Position Increased by Norden Group LLC

Norden Group LLC boosted its position in The Simply Good Foods Company (NASDAQ:SMPL) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,042 shares of the financial services provider’s stock after purchasing an additional 2,668 shares during the quarter. Norden Group LLC’s holdings in Simply Good Foods were worth $664,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,229 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Simply Good Foods by 119.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,555 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Simply Good Foods by 8.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,458 shares of the financial services provider’s stock valued at $1,889,000 after purchasing an additional 3,883 shares during the last quarter. Edge Capital Group LLC bought a new stake in shares of Simply Good Foods during the 4th quarter worth about $466,000. Finally, South Dakota Investment Council bought a new stake in shares of Simply Good Foods during the 4th quarter worth about $1,191,000. 88.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup dropped their price target on shares of Simply Good Foods from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Mizuho dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.22.

Simply Good Foods Stock Performance

Shares of SMPL opened at $37.88 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 company has a market capitalization of $3.83 billion, a PE ratio of 26.87, a PEG ratio of 3.23 and a beta of 0.65. The company’s 50 day moving average price is $37.19 and its 200 day moving average price is $35.95. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data 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. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $347.32 million. During the same period in the previous year, the company earned $0.43 earnings per share. Simply Good Foods’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal 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.