Bayforest Capital Ltd Has $159,000 Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Bayforest Capital Ltd boosted its stake in The Simply Good Foods Company (NASDAQ:SMPL) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,599 shares of the financial services provider’s stock after acquiring an additional 557 shares during the quarter. Bayforest Capital Ltd’s holdings in Simply Good Foods were worth $159,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SMPL. CIBC Private Wealth Group LLC lifted its position in Simply Good Foods by 72.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,060 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 445 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Simply Good Foods by 13.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,517 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 300 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Simply Good Foods in the 1st quarter valued at $105,000. Nisa Investment Advisors LLC lifted its position in Simply Good Foods by 24.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,808 shares of the financial services provider’s stock worth $131,000 after buying an additional 754 shares in the last quarter. Finally, Covestor Ltd lifted its position in Simply Good Foods by 45.2% during the 4th quarter. Covestor Ltd now owns 4,869 shares of the financial services provider’s stock worth $190,000 after buying an additional 1,515 shares in the last quarter. 88.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Simply Good Foods news, CEO Geoff E. Tanner bought 6,050 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were purchased at an average price of $33.11 per share, for a total transaction of $200,315.50. Following the transaction, the chief executive officer directly owned 98,190 shares in the company, valued at approximately $3,251,070.90. This trade represents a 6.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.35% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SMPL. DA Davidson cut their price target on shares of Simply Good Foods from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, June 9th. UBS Group set a $36.00 price target on shares of Simply Good Foods and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Simply Good Foods from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Morgan Stanley boosted their price target on shares of Simply Good Foods from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 10th. Finally, Citigroup lowered their price objective on shares of Simply Good Foods from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, June 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.88.

Simply Good Foods Stock Down 1.3%

Simply Good Foods stock opened at $30.05 on Friday. The firm has a market capitalization of $3.02 billion, a PE ratio of 21.01, a P/E/G ratio of 2.99 and a beta of 0.59. The company’s 50-day moving average is $32.79 and its 200-day moving average is $34.88. The Simply Good Foods Company has a fifty-two week low of $30.01 and a fifty-two week high of $40.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.95 and a quick ratio of 2.46.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Thursday, July 10th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $380,956 billion for the quarter, compared to analysts’ expectations of $381.68 million. Simply Good Foods had a net margin of 9.97% and a return on equity of 10.29%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. Sell-side analysts anticipate that The Simply Good Foods Company will post 1.78 earnings per share 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.