Oppenheimer Asset Management Inc. Purchases New Stake in The Simply Good Foods Company $SMPL

Oppenheimer Asset Management Inc. purchased a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,763 shares of the financial services provider’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banque Pictet & Cie SA bought a new position in Simply Good Foods in the 1st quarter worth $383,000. Nisa Investment Advisors LLC raised its holdings in Simply Good Foods by 24.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 754 shares in the last quarter. Xponance Inc. raised its holdings in Simply Good Foods by 5.8% in the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 402 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Simply Good Foods by 30.9% in the 1st quarter. Diversify Wealth Management LLC now owns 16,568 shares of the financial services provider’s stock worth $593,000 after purchasing an additional 3,912 shares in the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in Simply Good Foods in the 1st quarter worth $14,509,000. 88.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SMPL has been the subject of several research reports. Morgan Stanley set a $24.00 price objective on shares of Simply Good Foods in a report on Monday, October 27th. Mizuho decreased their price objective on shares of Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, July 15th. Stifel Nicolaus set a $32.00 price objective on shares of Simply Good Foods in a report on Friday, October 24th. Jefferies Financial Group decreased their price objective on shares of Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $26.00 price objective on shares of Simply Good Foods and gave the stock a “hold” rating in a report on Friday, October 24th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.11.

Simply Good Foods Stock Up 1.8%

NASDAQ:SMPL opened at $19.57 on Monday. The firm’s 50-day moving average price is $25.31 and its 200-day moving average price is $30.39. The company has a market capitalization of $1.95 billion, a PE ratio of 19.19, a P/E/G ratio of 3.38 and a beta of 0.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.64 and a quick ratio of 2.30. The Simply Good Foods Company has a 1-year low of $18.47 and a 1-year high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. The firm had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $369.07 million. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. Simply Good Foods has set its FY 2026 guidance at EPS. On average, equities analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.