Boston Partners Cuts Stock Position in The Simply Good Foods Company $SMPL

Boston Partners reduced its stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 66.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,184 shares of the financial services provider’s stock after selling 591,680 shares during the quarter. Boston Partners owned 0.29% of Simply Good Foods worth $9,099,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Simply Good Foods during the first quarter worth about $1,125,000. Cetera Investment Advisers grew its stake in shares of Simply Good Foods by 10.0% during the 1st quarter. Cetera Investment Advisers now owns 6,124 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 555 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Simply Good Foods by 144.9% during the 1st quarter. Pacer Advisors Inc. now owns 8,450 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 5,000 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Simply Good Foods by 4.0% in the first quarter. TD Asset Management Inc now owns 81,804 shares of the financial services provider’s stock worth $2,821,000 after buying an additional 3,158 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Simply Good Foods by 105.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,615 shares of the financial services provider’s stock valued at $1,711,000 after buying an additional 25,484 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Insider Buying and Selling at Simply Good Foods

In other news, insider Michael L. Clawson purchased 5,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the purchase, the insider directly owned 37,620 shares of the company’s stock, valued at $752,400. The trade was a 15.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Timothy Allen Matthews sold 5,859 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $19.47, for a total transaction of $114,074.73. Following the transaction, the chief accounting officer directly owned 18,065 shares of the company’s stock, valued at approximately $351,725.55. This trade represents a 24.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.35% of the stock is owned by company insiders.

Simply Good Foods Stock Down 0.2%

NASDAQ SMPL opened at $19.69 on Friday. The Simply Good Foods Company has a 52 week low of $18.47 and a 52 week high of $40.31. The firm has a market cap of $1.97 billion, a PE ratio of 19.30, a P/E/G ratio of 3.41 and a beta of 0.47. The business’s fifty day simple moving average is $22.06 and its 200-day simple moving average is $28.20. The company has a quick ratio of 2.30, a current ratio of 3.64 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.02). The firm 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 firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Simply Good Foods has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on SMPL. Deutsche Bank Aktiengesellschaft set a $26.00 price objective on Simply Good Foods and gave the stock a “hold” rating in a research note on Friday, October 24th. Mizuho decreased their price target on shares of Simply Good Foods from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Jefferies Financial Group reduced their price target 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. 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. Finally, Stifel Nicolaus set a $32.00 price target on shares of Simply Good Foods in a research report on Friday, October 24th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Simply Good Foods currently has a consensus rating of “Hold” and an average target price of $32.22.

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.