Amundi Increases Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Amundi raised its position in The Simply Good Foods Company (NASDAQ:SMPL) by 152.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,198 shares of the financial services provider’s stock after acquiring an additional 32,721 shares during the quarter. Amundi’s holdings in Simply Good Foods were worth $1,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV increased its holdings in Simply Good Foods by 31.9% during the 3rd quarter. KBC Group NV now owns 3,084 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 746 shares during the period. Mutual of America Capital Management LLC grew its position in shares of Simply Good Foods by 21.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock worth $6,521,000 after buying an additional 32,561 shares during the last quarter. Quest Partners LLC grew its position in shares of Simply Good Foods by 65.0% in the 3rd quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 16,268 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Simply Good Foods by 356.7% during the third quarter. Intech Investment Management LLC now owns 30,464 shares of the financial services provider’s stock valued at $1,059,000 after buying an additional 23,794 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Simply Good Foods during the third quarter valued at approximately $27,391,000. 88.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Mizuho cut their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.22.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $34.45 on Tuesday. The business’s fifty day moving average is $36.53 and its 200 day moving average is $36.21. 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 stock has a market cap of $3.48 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $40.53.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The firm had revenue of $341.30 million for the quarter, compared to the consensus estimate of $347.32 million. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current fiscal year.

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.