Dendur Capital LP acquired a new position in shares of Simply Good Foods Co (NASDAQ:SMPL) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 282,988 shares of the financial services provider’s stock, valued at approximately $5,258,000. Simply Good Foods accounts for about 2.0% of Dendur Capital LP’s portfolio, making the stock its 13th biggest position. Dendur Capital LP owned about 0.30% of Simply Good Foods as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Simply Good Foods by 69.5% in the first quarter. Franklin Resources Inc. now owns 1,550,674 shares of the financial services provider’s stock valued at $29,866,000 after acquiring an additional 636,066 shares during the last quarter. Geode Capital Management LLC boosted its stake in Simply Good Foods by 9.8% during the first quarter. Geode Capital Management LLC now owns 1,225,152 shares of the financial services provider’s stock worth $23,596,000 after acquiring an additional 109,440 shares in the last quarter. Barclays PLC lifted its stake in shares of Simply Good Foods by 17.0% in the second quarter. Barclays PLC now owns 192,319 shares of the financial services provider’s stock valued at $3,575,000 after buying an additional 28,001 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Simply Good Foods by 139.6% in the first quarter. Victory Capital Management Inc. now owns 2,023,267 shares of the financial services provider’s stock valued at $38,968,000 after buying an additional 1,178,780 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Simply Good Foods by 15.2% in the second quarter. Swiss National Bank now owns 191,500 shares of the financial services provider’s stock valued at $3,558,000 after buying an additional 25,200 shares in the last quarter. 88.94% of the stock is owned by institutional investors.
NASDAQ SMPL traded down $0.26 during trading hours on Friday, hitting $23.68. 356,881 shares of the company were exchanged, compared to its average volume of 455,318. The company has a 50 day moving average of $24.26 and a two-hundred day moving average of $19.90. The company has a quick ratio of 2.24, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. Simply Good Foods Co has a 52-week low of $14.08 and a 52-week high of $31.34. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 78.93 and a beta of 0.72.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, July 8th. The financial services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.11. The company had revenue of $215.10 million for the quarter, compared to the consensus estimate of $208.10 million. Simply Good Foods had a return on equity of 6.03% and a net margin of 3.87%. Simply Good Foods’s revenue was up 54.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 EPS. On average, equities research analysts predict that Simply Good Foods Co will post 0.81 EPS for the current year.
Several equities analysts have recently weighed in on SMPL shares. Seaport Global Securities started coverage on shares of Simply Good Foods in a research note on Tuesday, July 28th. They issued a “buy” rating and a $27.00 target price for the company. William Blair started coverage on shares of Simply Good Foods in a research report on Wednesday, June 24th. They issued an “outperform” rating for the company. Wells Fargo & Co dropped their target price on shares of Simply Good Foods from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. TheStreet upgraded shares of Simply Good Foods from a “c+” rating to a “b-” rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $27.00 target price on shares of Simply Good Foods in a research report on Tuesday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.88.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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