Marshall Wace LLP Invests $5.60 Million in The Simply Good Foods Company (NASDAQ:SMPL)

Marshall Wace LLP bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 175,176 shares of the financial services provider’s stock, valued at approximately $5,604,000. Marshall Wace LLP owned 0.18% of Simply Good Foods as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ETF Managers Group LLC acquired a new position in shares of Simply Good Foods during the third quarter worth approximately $455,000. Bank of New York Mellon Corp grew its holdings in Simply Good Foods by 10.4% during the third quarter. Bank of New York Mellon Corp now owns 905,015 shares of the financial services provider’s stock worth $28,953,000 after buying an additional 85,062 shares in the last quarter. BlackRock Inc. grew its holdings in Simply Good Foods by 2.5% during the third quarter. BlackRock Inc. now owns 13,766,947 shares of the financial services provider’s stock worth $440,404,000 after buying an additional 332,469 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Simply Good Foods by 2.0% during the third quarter. Segall Bryant & Hamill LLC now owns 249,570 shares of the financial services provider’s stock worth $7,983,000 after buying an additional 4,970 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Simply Good Foods during the third quarter worth $1,113,000. 84.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SMPL has been the subject of several recent research reports. Citigroup decreased their price target on Simply Good Foods from $50.00 to $46.00 in a report on Sunday, January 8th. Credit Suisse Group decreased their price target on Simply Good Foods from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, January 6th. Cowen started coverage on Simply Good Foods in a report on Wednesday, December 14th. They set a “market perform” rating and a $42.00 price target for the company. Cowen started coverage on Simply Good Foods in a research note on Wednesday, December 14th. They issued a “market perform” rating and a $42.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Simply Good Foods from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Simply Good Foods Stock Down 0.6 %

SMPL stock opened at $35.95 on Monday. 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 company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 29.47 and a beta of 0.78. The Simply Good Foods Company has a fifty-two week low of $29.21 and a fifty-two week high of $45.77. The stock has a fifty day moving average of $36.69 and a 200-day moving average of $35.63.

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

About Simply Good Foods

(Get Rating)

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.