PEAK6 Investments L.P. bought a new stake in Simply Good Foods Co (NASDAQ:SMPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,896 shares of the financial services provider’s stock, valued at approximately $302,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new stake in Simply Good Foods during the 2nd quarter worth approximately $124,000. Cubist Systematic Strategies LLC acquired a new position in shares of Simply Good Foods in the 1st quarter worth approximately $143,000. Legal & General Group Plc lifted its position in shares of Simply Good Foods by 979.2% in the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 8,989 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Simply Good Foods in the 1st quarter worth approximately $162,000. Finally, SG Americas Securities LLC acquired a new position in shares of Simply Good Foods in the 2nd quarter worth approximately $179,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the stock. Consumer Edge initiated coverage on shares of Simply Good Foods in a research report on Monday, July 2nd. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, September 19th. Stifel Nicolaus upped their target price on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Finally, SunTrust Banks upped their target price on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Six equities research analysts have rated the stock with a buy rating, Simply Good Foods presently has a consensus rating of “Buy” and an average target price of $17.60.
Shares of SMPL stock traded down $0.22 during trading on Friday, hitting $18.28. The company had a trading volume of 675,427 shares, compared to its average volume of 562,502. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.01 and a current ratio of 5.88. Simply Good Foods Co has a 52 week low of $11.01 and a 52 week high of $19.84.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Tuesday, July 10th. The financial services provider reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $107.20 million for the quarter, compared to analysts’ expectations of $102.24 million. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. Simply Good Foods’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts forecast that Simply Good Foods Co will post 0.56 earnings per share for the current fiscal year.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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