MQS Management LLC Takes $258,000 Position in The Simply Good Foods Company (NASDAQ:SMPL)

MQS Management LLC acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,581 shares of the financial services provider’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Simply Good Foods by 18.8% during the 4th quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 292 shares during the period. Teacher Retirement System of Texas increased its position in shares of Simply Good Foods by 1.7% during the fourth quarter. Teacher Retirement System of Texas now owns 20,007 shares of the financial services provider’s stock worth $792,000 after buying an additional 326 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in Simply Good Foods by 3.6% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 11,210 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 394 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Simply Good Foods by 103.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 433 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Simply Good Foods by 121.5% during the 4th quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Simply Good Foods Stock Performance

Shares of SMPL stock traded up $0.72 during trading on Friday, hitting $33.88. The company’s stock had a trading volume of 169,478 shares, compared to its average volume of 882,899. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.39 billion, a PE ratio of 22.87, a P/E/G ratio of 2.37 and a beta of 0.61. The business has a fifty day moving average of $36.53 and a 200-day moving average of $36.12. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The company had revenue of $334.80 million for the quarter, compared to the consensus estimate of $337.66 million. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that The Simply Good Foods Company will post 1.69 earnings per share for the current year.

Insider Transactions at Simply Good Foods

In related news, Director James D. White sold 4,000 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $38.17, for a total transaction of $152,680.00. Following the sale, the director now directly owns 17,027 shares in the company, valued at approximately $649,920.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.98% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMPL has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, June 14th. TD Cowen initiated coverage on shares of Simply Good Foods in a research report on Monday, April 22nd. They issued a “hold” rating and a $34.00 price target for the company. DA Davidson lifted their price target on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Stifel Nicolaus raised their target price on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Mizuho reiterated a “buy” rating and set a $50.00 price target on shares of Simply Good Foods in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.29.

About Simply Good Foods

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.