Stephens Investment Management Group LLC Purchases 119,892 Shares of The Simply Good Foods Company $SMPL

Stephens Investment Management Group LLC grew its position in The Simply Good Foods Company (NASDAQ:SMPL) by 28.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 540,563 shares of the financial services provider’s stock after acquiring an additional 119,892 shares during the quarter. Stephens Investment Management Group LLC owned 0.54% of Simply Good Foods worth $17,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of SMPL. Illinois Municipal Retirement Fund increased its position in shares of Simply Good Foods by 1.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 49,145 shares of the financial services provider’s stock valued at $1,695,000 after purchasing an additional 687 shares during the last quarter. Schwartz Investment Counsel Inc. increased its position in shares of Simply Good Foods by 18.3% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 358,370 shares of the financial services provider’s stock valued at $12,360,000 after purchasing an additional 55,470 shares during the last quarter. Banque Pictet & Cie SA bought a new position in shares of Simply Good Foods during the 1st quarter valued at approximately $383,000. Nisa Investment Advisors LLC increased its position in shares of 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 valued at $131,000 after purchasing an additional 754 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Simply Good Foods by 5.8% during the 1st quarter. Xponance Inc. now owns 7,325 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SMPL. Sanford C. Bernstein set a $45.00 price objective on Simply Good Foods and gave the company an “outperform” rating in a report on Friday, July 11th. Jefferies Financial Group dropped their price objective on Simply Good Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. Morgan Stanley set a $28.00 price objective on Simply Good Foods in a report on Thursday, October 16th. UBS Group dropped their price objective on Simply Good Foods from $36.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Simply Good Foods in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.75.

Simply Good Foods Price Performance

Shares of SMPL stock opened at $24.96 on Thursday. The Simply Good Foods Company has a twelve month low of $23.50 and a twelve month high of $40.53. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 2.74 and a beta of 0.53. The stock has a fifty day simple moving average of $26.57 and a two-hundred day simple moving average of $31.27. The company has a current ratio of 3.95, a quick ratio of 2.46 and a debt-to-equity ratio of 0.14.

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.