Pacer Advisors Inc. Purchases Shares of 323,674 The Simply Good Foods Company $SMPL

Pacer Advisors Inc. purchased a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 323,674 shares of the financial services provider’s stock, valued at approximately $6,499,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Simply Good Foods by 9.0% in the 1st quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock valued at $2,448,000 after acquiring an additional 5,893 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Simply Good Foods by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 617 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Simply Good Foods by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock worth $1,891,000 after purchasing an additional 2,850 shares during the last quarter. Caxton Associates LLP purchased a new stake in Simply Good Foods during the first quarter worth approximately $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Simply Good Foods by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock valued at $7,734,000 after purchasing an additional 21,696 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Simply Good Foods

In other Simply Good Foods news, Director James M. Kilts bought 80,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of $12.39 per share, with a total value of $991,200.00. Following the acquisition, the director directly owned 172,854 shares of the company’s stock, valued at $2,141,661.06. The trade was a 86.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clayton C. Daley, Jr. purchased 10,000 shares of Simply Good Foods stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $11.78 per share, with a total value of $117,800.00. Following the transaction, the director owned 111,743 shares in the company, valued at $1,316,332.54. The trade was a 9.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 8.76% of the stock is currently owned by corporate insiders.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $12.63 on Monday. The company has a market capitalization of $1.14 billion, a P/E ratio of -10.61 and a beta of 0.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.87 and a current ratio of 5.06. The Simply Good Foods Company has a fifty-two week low of $10.21 and a fifty-two week high of $34.19. The stock has a 50-day simple moving average of $12.07 and a 200-day simple moving average of $15.66.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, April 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $326.01 million for the quarter, compared to the consensus estimate of $345.08 million. Simply Good Foods had a positive return on equity of 9.72% and a negative net margin of 7.46%.The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts expect that The Simply Good Foods Company will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on SMPL shares. Stifel Nicolaus dropped their price target on shares of Simply Good Foods from $32.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Stephens restated an “equal weight” rating and set a $14.00 price objective (down from $24.00) on shares of Simply Good Foods in a research report on Friday, April 10th. BTIG Research initiated coverage on shares of Simply Good Foods in a report on Monday, April 13th. They issued a “neutral” rating for the company. UBS Group dropped their target price on shares of Simply Good Foods from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. Finally, Morgan Stanley cut their price target on shares of Simply Good Foods from $24.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.80.

Simply Good Foods Company 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.