The Simply Good Foods Company (NASDAQ:SMPL) Position Boosted by Gabelli Funds LLC

Gabelli Funds LLC increased its holdings in The Simply Good Foods Company (NASDAQ:SMPL) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,000 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the quarter. Gabelli Funds LLC owned 0.09% of Simply Good Foods worth $3,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of Simply Good Foods by 13.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock valued at $98,000 after buying an additional 300 shares in the last quarter. LPL Financial LLC raised its position in shares of Simply Good Foods by 3.3% during the fourth quarter. LPL Financial LLC now owns 9,890 shares of the financial services provider’s stock worth $386,000 after purchasing an additional 315 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Simply Good Foods by 2.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,338 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 324 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 445 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in Simply Good Foods by 5.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 9,549 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 480 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 related news, SVP Stuart E. Jr. Heflin sold 5,000 shares of Simply Good Foods stock in a transaction on Friday, April 11th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the completion of the sale, the senior vice president now owns 12,839 shares of the company’s stock, valued at approximately $478,252.75. The trade was a 28.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.35% of the stock is currently owned by company insiders.

Simply Good Foods Trading Up 2.2 %

Shares of NASDAQ:SMPL opened at $37.31 on Friday. The firm has a fifty day moving average of $35.75 and a two-hundred day moving average of $36.37. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20. The Simply Good Foods Company has a 12-month low of $31.25 and a 12-month high of $40.53. The firm has a market capitalization of $3.77 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, April 9th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The firm had revenue of $359.70 million during the quarter, compared to analysts’ expectations of $354.50 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SMPL shares. Mizuho upped their price objective on shares of Simply Good Foods from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 11th. DA Davidson upped their price target on shares of Simply Good Foods from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, April 11th. Finally, Morgan Stanley lifted their price objective on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods 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.