KLP Kapitalforvaltning AS Purchases Shares of 30,600 The Simply Good Foods Company (NASDAQ:SMPL)

KLP Kapitalforvaltning AS purchased a new position in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,600 shares of the financial services provider’s stock, valued at approximately $1,193,000.

Several other institutional investors have also recently made changes to their positions in SMPL. R Squared Ltd purchased a new stake in Simply Good Foods in the 4th quarter worth approximately $26,000. Quarry LP boosted its position in shares of Simply Good Foods by 64.7% in the third quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 533 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Simply Good Foods by 255.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,229 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Simply Good Foods by 215.6% during the 4th quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Simply Good Foods by 119.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,555 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on SMPL shares. Morgan Stanley initiated coverage on Simply Good Foods in a report on Monday, March 24th. They set an “equal weight” rating and a $36.00 price target on the stock. Mizuho decreased their target price on Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Simply Good Foods has a consensus rating of “Moderate Buy” and a consensus target price of $39.56.

Simply Good Foods Price Performance

NASDAQ:SMPL opened at $34.40 on Friday. The business’s 50-day moving average is $36.33 and its 200 day moving average is $36.24. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $40.53. The company has a market capitalization of $3.48 billion, a P/E ratio of 24.40, a P/E/G ratio of 3.23 and a beta of 0.65. The company has a current ratio of 4.23, a quick ratio of 2.75 and a debt-to-equity ratio of 0.20.

Simply Good Foods (NASDAQ:SMPL) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $341.30 million during the quarter, compared to the consensus estimate of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. On average, equities research analysts forecast that The Simply Good Foods Company will post 1.78 earnings per share for the current fiscal year.

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.