Y Intercept Hong Kong Ltd Buys Shares of 19,387 The Simply Good Foods Company $SMPL

Y Intercept Hong Kong Ltd bought a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,387 shares of the financial services provider’s stock, valued at approximately $612,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Simply Good Foods during the 1st quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Simply Good Foods during the 1st quarter worth approximately $55,000. Quarry LP boosted its holdings in shares of Simply Good Foods by 59.7% during the 1st quarter. Quarry LP now owns 2,009 shares of the financial services provider’s stock worth $69,000 after buying an additional 751 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Simply Good Foods by 2,055.7% during the 1st quarter. Russell Investments Group Ltd. now owns 3,018 shares of the financial services provider’s stock worth $104,000 after buying an additional 2,878 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Simply Good Foods during the 1st quarter worth approximately $105,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

SMPL has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $45.00 price target on Simply Good Foods and gave the stock an “outperform” rating in a report on Friday, July 11th. UBS Group cut their price target on Simply Good Foods from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft set a $26.00 price target on Simply Good Foods and gave the stock a “hold” rating in a report on Friday, October 24th. Morgan Stanley set a $24.00 price target on Simply Good Foods in a report on Monday, October 27th. Finally, Mizuho cut their price target on Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.11.

Simply Good Foods Trading Up 1.9%

NASDAQ SMPL opened at $20.58 on Thursday. The firm has a market capitalization of $2.06 billion, a P/E ratio of 20.18, a PEG ratio of 3.49 and a beta of 0.47. The business has a fifty day simple moving average of $24.78 and a 200 day simple moving average of $30.08. The Simply Good Foods Company has a 12 month low of $18.47 and a 12 month high of $40.53. The company has a current ratio of 3.64, a quick ratio of 2.30 and a debt-to-equity ratio of 0.14.

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