Cubist Systematic Strategies LLC Buys 82,104 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Cubist Systematic Strategies LLC increased its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) by 368.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,359 shares of the financial services provider’s stock after acquiring an additional 82,104 shares during the period. Cubist Systematic Strategies LLC owned about 0.11% of Simply Good Foods worth $3,338,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Simply Good Foods by 4.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,454 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 296 shares during the period. Advisors Asset Management Inc. lifted its position in Simply Good Foods by 35.9% during the third quarter. Advisors Asset Management Inc. now owns 1,295 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 342 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Simply Good Foods by 7.2% during the first quarter. Advisor Group Holdings Inc. now owns 6,059 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 407 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Simply Good Foods by 124.9% during the third quarter. Quadrant Capital Group LLC now owns 902 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 501 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Simply Good Foods by 54.7% in the second quarter. Captrust Financial Advisors now owns 1,644 shares of the financial services provider’s stock valued at $62,000 after buying an additional 581 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SMPL shares. Citigroup decreased their target price on shares of Simply Good Foods from $50.00 to $46.00 in a research note on Sunday, January 8th. UBS Group dropped their price objective on shares of Simply Good Foods from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, January 6th. Morgan Stanley lowered their target price on shares of Simply Good Foods from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, January 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Simply Good Foods from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, December 6th. Finally, Cowen started coverage on shares of Simply Good Foods in a research note on Wednesday, December 14th. They set a “market perform” rating and a $42.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Simply Good Foods Price Performance

SMPL stock opened at $36.56 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.88 and a current ratio of 4.42. The Simply Good Foods Company has a 52 week low of $29.21 and a 52 week high of $45.77. The firm’s fifty day moving average is $36.83 and its 200 day moving average is $35.54. The firm has a market cap of $3.64 billion, a P/E ratio of 29.97 and a beta of 0.78.

Simply Good Foods (NASDAQ:SMPL – Get Rating) last announced its quarterly earnings results on Thursday, January 5th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $300.88 million for the quarter, compared to analyst estimates of $301.94 million. Simply Good Foods had a net margin of 10.38% and a return on equity of 10.75%. Research analysts predict that The Simply Good Foods Company will post 1.56 earnings per share for the current year.

Simply Good Foods Profile

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The Simply Good Foods Co is a consumer packaged food and beverage company, which engages in the development, marketing, and sale of nutritional food and snacking products. Its products include nutrition bars, ready-to-drink shakes, snacks, confectionery, and frozen meals under the Atkins and Quest brands.