Intech Investment Management LLC Purchases Shares of 6,670 The Simply Good Foods Company (NASDAQ:SMPL)

Intech Investment Management LLC purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,670 shares of the financial services provider’s stock, valued at approximately $241,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Simply Good Foods by 182.4% in the 2nd quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after buying an additional 549 shares during the last quarter. TFO Wealth Partners LLC grew its position in shares of Simply Good Foods by 59,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,182 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Simply Good Foods in the 2nd quarter valued at about $71,000. Banque Cantonale Vaudoise bought a new stake in shares of Simply Good Foods in the 1st quarter valued at about $103,000. Finally, Headlands Technologies LLC bought a new stake in shares of Simply Good Foods in the 1st quarter valued at about $131,000. Institutional investors own 88.45% of the company’s stock.

Insider Activity at Simply Good Foods

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $34.44, for a total transaction of $36,437.52. Following the completion of the sale, the senior vice president now directly owns 19,319 shares of the company’s stock, valued at $665,346.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.98% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $41.00 target price on shares of Simply Good Foods in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft upped their target price on Simply Good Foods from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, June 14th. DA Davidson upped their target price on Simply Good Foods from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Finally, Stifel Nicolaus upped their target price on Simply Good Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Simply Good Foods presently has a consensus rating of “Moderate Buy” and an average price target of $40.29.

Simply Good Foods Stock Performance

Shares of Simply Good Foods stock opened at $34.70 on Friday. The company has a market cap of $3.47 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.62. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $43.00. The business has a 50 day moving average price of $33.13 and a 200-day moving average price of $34.73. The company has a quick ratio of 4.05, a current ratio of 5.19 and a debt-to-equity ratio of 0.14.

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