55,450 Shares in The Simply Good Foods Company (NASDAQ:SMPL) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the 2nd quarter, Holdings Channel.com reports. The firm bought 55,450 shares of the financial services provider’s stock, valued at approximately $2,003,000.

Several other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Simply Good Foods by 182.4% in the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 549 shares during the last quarter. TFO Wealth Partners LLC increased its stake in 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. EverSource Wealth Advisors LLC increased its stake in Simply Good Foods by 236.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,241 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Simply Good Foods during the 2nd quarter worth about $71,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Simply Good Foods in the 1st quarter valued at about $103,000. Institutional investors own 88.45% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, SVP Stuart E. Jr. Heflin sold 1,058 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $34.44, for a total transaction of $36,437.52. Following the transaction, the senior vice president now directly owns 19,319 shares of the company’s stock, valued at $665,346.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.98% of the stock is currently owned by company insiders.

Simply Good Foods Price Performance

Simply Good Foods stock opened at $34.70 on Friday. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 2.28 and a beta of 0.62. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14. The Simply Good Foods Company has a 12 month low of $30.00 and a 12 month high of $43.00. The stock’s 50 day moving average is $33.13 and its 200-day moving average is $34.73.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data 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. Simply Good Foods had a return on equity of 10.28% and a net margin of 11.49%. The firm had revenue of $334.80 million for the quarter, compared to analyst estimates of $337.66 million. During the same period in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that The Simply Good Foods Company will post 1.69 EPS for the current year.

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.