Cohen Capital Management Inc. Has $1.21 Million Stock Position in The Simply Good Foods Company $SMPL

Cohen Capital Management Inc. lessened its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,262 shares of the financial services provider’s stock after selling 56,102 shares during the quarter. Cohen Capital Management Inc. owned 0.07% of Simply Good Foods worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. California State Teachers Retirement System increased its position in Simply Good Foods by 0.4% during the second quarter. California State Teachers Retirement System now owns 88,477 shares of the financial services provider’s stock worth $2,795,000 after acquiring an additional 383 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in Simply Good Foods by 6.1% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,843 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 510 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Simply Good Foods by 125.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 538 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Simply Good Foods by 3.4% during the first quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 617 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Simply Good Foods by 3.4% during the second quarter. Gamco Investors INC. ET AL now owns 23,120 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 750 shares during the period. 88.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SMPL shares. Mizuho set a $30.00 price target on Simply Good Foods in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $22.00 price objective on shares of Simply Good Foods in a research note on Monday, December 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Simply Good Foods in a research report on Friday, January 9th. Jefferies Financial Group raised Simply Good Foods from a “hold” rating to a “buy” rating and reduced their target price for the stock from $23.00 to $22.00 in a report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.33.

Simply Good Foods Stock Performance

NASDAQ SMPL opened at $14.16 on Friday. The company has a current ratio of 5.01, a quick ratio of 3.24 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 15.73 and a beta of 0.33. The firm’s 50 day simple moving average is $16.07 and its 200 day simple moving average is $19.43. The Simply Good Foods Company has a 1 year low of $13.62 and a 1 year high of $38.15.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, January 8th. The financial services provider reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $340.20 million during the quarter, compared to the consensus estimate of $337.64 million. Simply Good Foods had a net margin of 6.26% and a return on equity of 9.56%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, research analysts expect that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Simply Good Foods 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.