Mackenzie Financial Corp Invests $221,000 in The Simply Good Foods Company (NASDAQ:SMPL)

Mackenzie Financial Corp bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,570 shares of the financial services provider’s stock, valued at approximately $221,000.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Simply Good Foods by 121.5% during the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 457 shares during the last quarter. Blue Trust Inc. raised its position in shares of Simply Good Foods by 18.8% in the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after buying an additional 292 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Simply Good Foods by 36.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,565 shares of the financial services provider’s stock valued at $220,000 after buying an additional 1,500 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Simply Good Foods during the third quarter worth about $221,000. Finally, Portside Wealth Group LLC increased its position in shares of Simply Good Foods by 11.2% during the third quarter. Portside Wealth Group LLC now owns 6,705 shares of the financial services provider’s stock worth $230,000 after buying an additional 674 shares during the period. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Stock Performance

Shares of NASDAQ:SMPL opened at $34.40 on Monday. The firm’s 50 day simple moving average is $33.78 and its 200-day simple moving average is $36.76. The firm has a market cap 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. The Simply Good Foods Company has a one year low of $30.00 and a one year high of $43.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.09 and a current ratio of 4.20.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 4th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Simply Good Foods had a net margin of 11.12% and a return on equity of 10.12%. As a group, equities analysts predict that The Simply Good Foods Company will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Stifel Nicolaus decreased their price objective on Simply Good Foods from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Mizuho reissued a “buy” rating and issued a $50.00 price objective on shares of Simply Good Foods in a report on Friday, April 5th. DA Davidson lowered their price target on Simply Good Foods from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, April 5th. TD Cowen started coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 price objective (up from $41.00) on shares of Simply Good Foods in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.14.

Simply Good Foods 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.