Deutsche Bank AG Has $3.44 Million Stake in The Simply Good Foods Company (NASDAQ:SMPL)

Deutsche Bank AG grew its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 59.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,314 shares of the financial services provider’s stock after purchasing an additional 32,800 shares during the quarter. Deutsche Bank AG owned about 0.09% of Simply Good Foods worth $3,442,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Simply Good Foods during the fourth quarter worth $26,000. CIBC Private Wealth Group LLC increased its holdings in shares of Simply Good Foods by 72.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 445 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Simply Good Foods by 255.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after buying an additional 1,229 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Simply Good Foods by 13.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock worth $98,000 after buying an additional 300 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Simply Good Foods by 119.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Simply Good Foods Trading Up 0.4%

NASDAQ SMPL opened at $36.23 on Wednesday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The Simply Good Foods Company has a twelve month low of $31.25 and a twelve month high of $40.53. The business’s fifty day moving average is $35.36 and its 200 day moving average is $36.78. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Wednesday, April 9th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $359.70 million for the quarter, compared to the consensus estimate of $354.50 million. During the same period in the previous year, the business earned $0.40 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SMPL shares. Mizuho increased their price target on Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, April 11th. DA Davidson increased their target price on Simply Good Foods from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, April 11th. UBS Group started coverage on Simply Good Foods in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $41.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Transactions at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now directly owns 12,839 shares of the company’s stock, valued at $478,252.75. The trade was a 28.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.35% of the company’s stock.

About Simply Good Foods

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.