9,165 Shares in The Simply Good Foods Company $SMPL Purchased by Jump Financial LLC

Jump Financial LLC bought a new position in The Simply Good Foods Company (NASDAQ:SMPL) during the first quarter, Holdings Channel reports. The firm bought 9,165 shares of the financial services provider’s stock, valued at approximately $316,000.

A number of other hedge funds also recently made changes to their positions in SMPL. Wellington Management Group LLP lifted its position in shares of Simply Good Foods by 18.3% in the first quarter. Wellington Management Group LLP now owns 4,195,497 shares of the financial services provider’s stock worth $144,703,000 after buying an additional 649,258 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Simply Good Foods by 52.1% in the first quarter. Victory Capital Management Inc. now owns 1,539,208 shares of the financial services provider’s stock worth $53,087,000 after buying an additional 527,089 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Simply Good Foods by 3,306.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 460,827 shares of the financial services provider’s stock worth $17,963,000 after buying an additional 447,300 shares in the last quarter. Stephens Investment Management Group LLC purchased a new stake in Simply Good Foods during the first quarter valued at approximately $14,509,000. Finally, Nuveen LLC purchased a new stake in Simply Good Foods during the first quarter valued at approximately $14,151,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SMPL has been the topic of a number of recent research reports. Mizuho decreased their price objective on Simply Good Foods from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 15th. Sanford C. Bernstein set a $45.00 price objective on Simply Good Foods and gave the company an “outperform” rating in a research report on Friday, July 11th. Citigroup decreased their price objective on Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, June 18th. DA Davidson decreased their price objective on Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, June 9th. Finally, UBS Group set a $36.00 price objective on Simply Good Foods and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and an average price target of $39.88.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, CEO Geoff E. Tanner bought 6,050 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were purchased at an average price of $33.11 per share, with a total value of $200,315.50. Following the completion of the purchase, the chief executive officer owned 98,190 shares in the company, valued at $3,251,070.90. This represents a 6.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 9.35% of the company’s stock.

Simply Good Foods Trading Up 0.1%

SMPL opened at $28.66 on Wednesday. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.65 and a beta of 0.59. The stock’s 50 day moving average price is $30.89 and its 200-day moving average price is $33.68. The Simply Good Foods Company has a one year low of $28.14 and a one year high of $40.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.46 and a current ratio of 3.95.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, July 10th. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $380.96 million for the quarter, compared to analysts’ expectations of $381.68 million. Simply Good Foods had a return on equity of 10.29% and a net margin of 9.97%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. On average, equities analysts forecast that The Simply Good Foods Company will post 1.78 EPS for the current 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.