Man Group plc acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 412,418 shares of the financial services provider’s stock, valued at approximately $5,477,000. Man Group plc owned about 0.47% of Simply Good Foods at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Simply Good Foods by 9.0% in the 1st quarter. Royal Bank of Canada now owns 71,023 shares of the financial services provider’s stock worth $2,448,000 after purchasing an additional 5,893 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Simply Good Foods by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 19,018 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 617 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Simply Good Foods by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,819 shares of the financial services provider’s stock valued at $1,891,000 after buying an additional 2,850 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Simply Good Foods in the 1st quarter valued at approximately $264,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Simply Good Foods by 10.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,229 shares of the financial services provider’s stock valued at $7,734,000 after buying an additional 21,696 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.
Simply Good Foods News Roundup
Here are the key news stories impacting Simply Good Foods this week:
- Positive Sentiment: Investors who purchased SMPL shares during the specified class period may be eligible to seek compensation or appointment as lead plaintiff. The deadline to apply is October 13, 2026. Rosen class-action deadline article
- Neutral Sentiment: Several law firms, including Kaplan Fox, Robbins LLP, Rosen Law Firm and others, reiterated that a class action has been filed on behalf of investors who acquired Simply Good Foods securities between October 24, 2024, and April 8, 2026. These releases largely repeat previously reported allegations and solicit investors to participate in the litigation. Kaplan Fox class-action article
- Negative Sentiment: The lawsuits allege that Simply Good Foods and certain executives violated federal securities laws by failing to disclose problems with the OWYN acquisition and integration. The allegations reference the eventual $187 million impairment charge announced in April 2026, following earlier assurances that the $280 million integration was progressing as planned. Plaintiffs contend the disclosures contributed to a decline of more than 27% in the shares. The claims remain allegations and have not been proven in court. SMPL shareholder alert article
- Negative Sentiment: TD Cowen issued a pessimistic forecast for SMPL, adding to concerns about the company’s earnings outlook and valuation. Combined with the litigation over the OWYN impairment, the downgrade-like sentiment may reinforce uncertainty around future growth and management credibility. TD Cowen forecast article
Simply Good Foods Stock Performance
Simply Good Foods (NASDAQ:SMPL – Get Free Report) last announced its earnings results on Thursday, July 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. Simply Good Foods had a positive return on equity of 9.34% and a negative net margin of 14.28%.The business had revenue of $356.98 million for the quarter, compared to analyst estimates of $332.99 million. During the same period in the prior year, the company earned $0.51 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts forecast that The Simply Good Foods Company will post 1.54 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Simply Good Foods from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. DA Davidson lowered their target price on Simply Good Foods from $39.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, July 10th. Truist Financial set a $11.00 price objective on shares of Simply Good Foods in a report on Wednesday. TD Cowen cut their target price on Simply Good Foods from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Jefferies Financial Group set a $15.00 price objective on Simply Good Foods in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.45.
Read Our Latest Stock Report on Simply Good Foods
About Simply Good Foods
Simply Good Foods Co (NASDAQ: SMPL) is a North American consumer packaged foods company specializing in better-for-you nutrition products. The company’s portfolio centers on two well-established brands, Atkins and Quest, which offer a range of low-carbohydrate, high-protein bars, powders, shakes, and snacks. Simply Good Foods aims to support consumers’ health and wellness goals by delivering convenient, nutrient-dense options without added sugars or artificial sweeteners.
Under the Atkins brand, the company produces meal replacements, snack bars, and ready-to-drink shakes designed for low-carb dieters.
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