GSA Capital Partners LLP Purchases 60,272 Shares of The Simply Good Foods Company $SMPL

GSA Capital Partners LLP boosted its holdings in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 802.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,780 shares of the financial services provider’s stock after purchasing an additional 60,272 shares during the period. GSA Capital Partners LLP owned about 0.07% of Simply Good Foods worth $1,682,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SMPL. EverSource Wealth Advisors LLC raised its holdings in Simply Good Foods by 125.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $31,000 after buying an additional 538 shares during the last quarter. CWM LLC raised its holdings in shares of Simply Good Foods by 343.0% in the 3rd quarter. CWM LLC now owns 2,605 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 2,017 shares during the last quarter. State of Wyoming bought a new stake in Simply Good Foods during the 2nd quarter worth approximately $87,000. Elevation Point Wealth Partners LLC bought a new position in Simply Good Foods during the 2nd quarter valued at $109,000. Finally, Strs Ohio bought a new stake in Simply Good Foods in the 1st quarter worth about $114,000. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $15.51 on Wednesday. The Simply Good Foods Company has a 12 month low of $15.30 and a 12 month high of $38.16. The firm has a market capitalization of $1.44 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.08 and a beta of 0.25. 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 business has a fifty day simple moving average of $19.15 and a two-hundred day simple moving average of $22.48.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, January 8th. The financial services provider reported $0.39 earnings per share for the quarter, topping 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 the consensus estimate of $337.64 million. During the same period in the prior year, the firm earned $0.49 EPS. The company’s revenue was down .3% compared to the same quarter last year. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SMPL. UBS Group reaffirmed a “neutral” rating on shares of Simply Good Foods in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $22.00 price target on shares of Simply Good Foods in a research note on Monday, December 15th. Jefferies Financial Group decreased their price objective on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Simply Good Foods in a research note on Monday, December 29th. Finally, Mizuho set a $30.00 target price on Simply Good Foods in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.67.

About Simply Good Foods

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.