Xponance Inc. Buys 928 Shares of The Simply Good Foods Company (NASDAQ:SMPL)

Xponance Inc. lifted its position in shares of The Simply Good Foods Company (NASDAQ:SMPL) by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,923 shares of the financial services provider’s stock after acquiring an additional 928 shares during the period. Xponance Inc.’s holdings in Simply Good Foods were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of SMPL. R Squared Ltd bought a new stake in shares of Simply Good Foods in the fourth quarter worth $26,000. Quarry LP boosted its stake in Simply Good Foods by 64.7% during the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 533 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Simply Good Foods by 255.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,710 shares of the financial services provider’s stock valued at $66,000 after buying an additional 1,229 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Simply Good Foods by 215.6% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,201 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Simply Good Foods by 119.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,861 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SMPL shares. Mizuho decreased their price target on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley initiated coverage on shares of Simply Good Foods in a report on Monday. They set an “equal weight” rating and a $36.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.56.

Simply Good Foods Stock Performance

SMPL opened at $34.05 on Friday. The firm has a market cap of $3.44 billion, a P/E ratio of 24.15, a PEG ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 1-year low of $30.00 and a 1-year high of $40.53. The company has a 50 day simple moving average of $36.32 and a two-hundred day simple moving average of $36.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.23 and a quick ratio of 2.75.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. Simply Good Foods had a return on equity of 10.25% and a net margin of 10.40%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share. Equities analysts forecast that The Simply Good Foods Company will post 1.78 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.