State of New Jersey Common Pension Fund D Increases Stake in The Simply Good Foods Company $SMPL

State of New Jersey Common Pension Fund D raised its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,831 shares of the financial services provider’s stock after purchasing an additional 3,092 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Simply Good Foods worth $1,732,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. William Blair Investment Management LLC purchased a new position in Simply Good Foods in the 2nd quarter valued at approximately $48,841,000. Wellington Management Group LLP grew its stake in Simply Good Foods by 18.3% in the 1st quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider’s stock valued at $144,703,000 after buying an additional 649,258 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Simply Good Foods by 52.1% in the first quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider’s stock valued at $53,087,000 after purchasing an additional 527,089 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Simply Good Foods in the first quarter valued at $14,509,000. Finally, Nuveen LLC purchased a new position in shares of Simply Good Foods in the first quarter valued at $14,151,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SMPL shares. Weiss Ratings cut Simply Good Foods from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Jefferies Financial Group reduced their target price on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on shares of Simply Good Foods and gave the company a “hold” rating in a research note on Friday, October 24th. Sanford C. Bernstein set a $45.00 price objective on shares of Simply Good Foods and gave the company an “outperform” rating in a research note on Friday, July 11th. Finally, Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research report on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.11.

Simply Good Foods Stock Up 1.8%

Shares of SMPL opened at $19.57 on Monday. The firm has a market cap of $1.95 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.38 and a beta of 0.47. The stock has a 50 day simple moving average of $25.31 and a two-hundred day simple moving average of $30.39. 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 released its earnings results 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). The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $369.07 million. Simply Good Foods had a net margin of 7.14% and a return on equity of 10.06%. Simply Good Foods’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. On average, analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.