Xponance Inc. Acquires Shares of 5,508 The Simply Good Foods Company (NASDAQ:SMPL)

Xponance Inc. acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, Holdings Channel reports. The firm acquired 5,508 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Simply Good Foods by 35.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,281 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 5,583 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Simply Good Foods during the fourth quarter valued at approximately $377,000. Mackenzie Financial Corp acquired a new stake in Simply Good Foods during the fourth quarter valued at approximately $221,000. Strs Ohio boosted its holdings in Simply Good Foods by 2,416.3% during the fourth quarter. Strs Ohio now owns 108,200 shares of the financial services provider’s stock valued at $4,284,000 after purchasing an additional 103,900 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Simply Good Foods in the fourth quarter valued at approximately $1,798,000. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

SMPL stock opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.20 and a quick ratio of 3.09. The company has a 50 day moving average price of $33.78 and a 200 day moving average price of $36.72. The Simply Good Foods Company has a fifty-two week low of $30.00 and a fifty-two week high of $43.00. The stock has a market capitalization of $3.44 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.54 and a beta of 0.69.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SMPL. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 target price on shares of Simply Good Foods in a research note on Thursday, April 11th. TD Cowen began coverage on shares of Simply Good Foods in a research note on Monday, April 22nd. They issued a “hold” rating and a $34.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 target price (up previously from $41.00) on shares of Simply Good Foods in a research note on Tuesday, January 2nd. Needham & Company LLC cut their target price on shares of Simply Good Foods from $45.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Mizuho reiterated a “buy” rating and issued a $50.00 target price on shares of Simply Good Foods in a research note on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.14.

Simply Good Foods Company Profile

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.