Clark Estates Inc. NY Takes Position in The Simply Good Foods Company $SMPL

Clark Estates Inc. NY bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,000 shares of the financial services provider’s stock, valued at approximately $1,986,000. Clark Estates Inc. NY owned about 0.08% of Simply Good Foods at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. California State Teachers Retirement System grew its position in Simply Good Foods by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after purchasing an additional 383 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in Simply Good Foods by 6.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 510 shares during the period. EverSource Wealth Advisors LLC raised its position in Simply Good Foods by 125.4% during the second quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 538 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Simply Good Foods by 3.4% in the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 617 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Simply Good Foods by 3.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,927 shares of the financial services provider’s stock worth $661,000 after purchasing an additional 658 shares in the last quarter. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Simply Good Foods Stock Up 0.8%

Shares of NASDAQ SMPL opened at $16.91 on Monday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.25. The company’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $22.19. The company has a quick ratio of 3.24, a current ratio of 5.01 and a debt-to-equity ratio of 0.23. The Simply Good Foods Company has a 52-week low of $15.30 and a 52-week high of $38.16.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The firm had revenue of $340.20 million for the quarter, compared to analyst estimates of $337.64 million. During the same period last year, the company posted $0.49 EPS. Simply Good Foods’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Mizuho set a $30.00 target price on shares of Simply Good Foods in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Simply Good Foods in a report on Monday, December 15th. Zacks Research raised shares of Simply Good Foods from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.67.

Simply Good Foods Company Profile

Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.

Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.