The Simply Good Foods Company (NASDAQ:SMPL) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 24.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,808 shares of the financial services provider’s stock after acquiring an additional 754 shares during the period. Nisa Investment Advisors LLC’s holdings in Simply Good Foods were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SMPL. Banque Pictet & Cie SA acquired a new position in Simply Good Foods in the first quarter worth $383,000. Schwartz Investment Counsel Inc. grew its stake in Simply Good Foods by 18.3% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 358,370 shares of the financial services provider’s stock valued at $12,360,000 after acquiring an additional 55,470 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Simply Good Foods by 1.4% in the first quarter. Illinois Municipal Retirement Fund now owns 49,145 shares of the financial services provider’s stock worth $1,695,000 after buying an additional 687 shares during the last quarter. Covea Finance boosted its position in Simply Good Foods by 21.5% during the first quarter. Covea Finance now owns 202,500 shares of the financial services provider’s stock worth $6,984,000 after purchasing an additional 35,900 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Simply Good Foods in the first quarter valued at approximately $1,437,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SMPL shares. Morgan Stanley raised their price target on Simply Good Foods from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, April 10th. Citigroup decreased their price target on Simply Good Foods from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, June 18th. UBS Group set a $36.00 price target on Simply Good Foods and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Stifel Nicolaus reduced their price target on Simply Good Foods from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, June 27th. Finally, DA Davidson lowered their target price on Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Simply Good Foods presently has an average rating of “Moderate Buy” and a consensus price target of $39.88.

Simply Good Foods Trading Up 0.9%

SMPL opened at $33.36 on Friday. The stock has a market capitalization of $3.35 billion, a PE ratio of 23.33, a P/E/G ratio of 3.24 and a beta of 0.68. The firm’s fifty day moving average price is $33.58 and its 200 day moving average price is $35.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46. The Simply Good Foods Company has a 12-month low of $30.47 and a 12-month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $380,956 billion during the quarter, compared to analyst estimates of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.