Boston Partners Boosts Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Boston Partners raised its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 109.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,221,285 shares of the financial services provider’s stock after purchasing an additional 637,038 shares during the period. Boston Partners’ holdings in Simply Good Foods were worth $47,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMPL. KBC Group NV grew its stake in Simply Good Foods by 31.9% in the third 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 last quarter. Mutual of America Capital Management LLC grew its stake in Simply Good Foods by 21.0% in the third quarter. Mutual of America Capital Management LLC now owns 187,549 shares of the financial services provider’s stock valued at $6,521,000 after purchasing an additional 32,561 shares during the last quarter. Quest Partners LLC grew its stake in Simply Good Foods by 65.0% in the third quarter. Quest Partners LLC now owns 41,277 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 16,268 shares during the last quarter. Intech Investment Management LLC grew 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 worth $1,059,000 after acquiring an additional 23,794 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Simply Good Foods during the third quarter worth about $27,391,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $33.39 on Thursday. The business’s 50 day moving average price is $36.41 and its 200 day moving average price is $36.20. The firm has a market cap of $3.37 billion, a P/E ratio of 23.68, a P/E/G ratio of 3.23 and a beta of 0.65. The Simply Good Foods Company has a 52 week low of $30.00 and a 52 week high of $40.53. The company has a quick ratio of 2.75, a current ratio of 4.23 and a debt-to-equity ratio of 0.20.

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

Simply Good Foods Company 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.