Quantbot Technologies LP Takes Position in The Simply Good Foods Company $SMPL

Quantbot Technologies LP acquired a new stake in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 106,194 shares of the financial services provider’s stock, valued at approximately $1,410,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Simply Good Foods in the 2nd quarter valued at about $180,913,000. River Road Asset Management LLC acquired a new stake in shares of Simply Good Foods during the 4th quarter worth about $31,857,000. Marshall Wace LLP acquired a new stake in shares of Simply Good Foods during the 3rd quarter worth about $31,825,000. Oaktree Capital Management LP purchased a new stake in shares of Simply Good Foods during the first quarter worth about $16,200,000. Finally, Millennium Management LLC grew its holdings in shares of Simply Good Foods by 482.7% during the third quarter. Millennium Management LLC now owns 1,246,236 shares of the financial services provider’s stock worth $30,932,000 after buying an additional 1,032,358 shares in the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Trading Down 0.2%

SMPL stock opened at $10.95 on Wednesday. The company has a market cap of $968.64 million, a price-to-earnings ratio of -5.05 and a beta of 0.15. The company has a quick ratio of 3.10, a current ratio of 4.80 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $13.02. The Simply Good Foods Company has a 52 week low of $9.88 and a 52 week high of $29.44.

Simply Good Foods (NASDAQ:SMPL) last issued its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts expect that The Simply Good Foods Company will post 1.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SMPL shares. DA Davidson cut their price objective on shares of Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Jefferies Financial Group set a $17.00 target price on shares of Simply Good Foods in a research report on Tuesday, June 30th. TD Cowen reaffirmed a “hold” rating on shares of Simply Good Foods in a research note on Friday, July 10th. Weiss Ratings restated a “sell (d)” rating on shares of Simply Good Foods in a report on Thursday, June 18th. Finally, Mizuho set a $19.00 price objective on Simply Good Foods in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Simply Good Foods presently has a consensus rating of “Hold” and a consensus target price of $15.20.

Trending Headlines about Simply Good Foods

Here are the key news stories impacting Simply Good Foods this week:

• Negative Sentiment: Several firms, including Pomerantz, announced or promoted a class action against Simply Good Foods and certain officers. The primary class period cited is October 24, 2024, through April 8, 2026, with investors who suffered losses encouraged to participate. Pomerantz investor alert
• Negative Sentiment: Investor-rights firms highlighted allegations that Simply Good Foods failed to disclose problems with the OWYN integration and acquisition performance. The legal overhang increases potential costs, reputational risk and uncertainty around management disclosures. Kahn Swick & Foti lawsuit alert
• Negative Sentiment: The October 13, 2026 deadline for investors to seek appointment as lead plaintiff was reiterated by multiple firms, generating a wave of additional lawsuit-related headlines and keeping the litigation issue in focus for shareholders. Rosen lawsuit deadline alert
• Neutral Sentiment: A reported short-interest update showed zero shares short versus zero previously, with a zero-day days-to-cover ratio. Because the figures include an undefined percentage change and appear inconsistent, they provide no reliable signal for SMPL’s direction.

Simply Good Foods 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.