Context Partners Fund L.P. Buys New Position in Simply Good Foods Co (SMPL)

Context Partners Fund L.P. bought a new position in shares of Simply Good Foods Co (NASDAQ:SMPL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,200 shares of the financial services provider’s stock, valued at approximately $198,000.

A number of other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in Simply Good Foods in the second quarter valued at approximately $124,000. Cubist Systematic Strategies LLC purchased a new stake in Simply Good Foods in the first quarter valued at approximately $143,000. Legal & General Group Plc lifted its stake in Simply Good Foods by 979.2% in the second quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after buying an additional 8,989 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Simply Good Foods in the first quarter valued at approximately $162,000. Finally, SG Americas Securities LLC purchased a new stake in Simply Good Foods in the second quarter valued at approximately $179,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Simply Good Foods stock opened at $19.43 on Friday. Simply Good Foods Co has a 12 month low of $11.14 and a 12 month high of $19.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.07 and a quick ratio of 5.09. The company has a market cap of $1.44 billion, a PE ratio of 33.50 and a beta of 0.56.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Simply Good Foods had a return on equity of 6.73% and a net margin of 16.33%. The business had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $111.25 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Simply Good Foods Co will post 0.6 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Buckingham Research assumed coverage on Simply Good Foods in a research note on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price objective for the company. Zacks Investment Research cut Simply Good Foods from a “buy” rating to a “sell” rating in a research note on Wednesday, October 10th. Stifel Nicolaus boosted their price objective on Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Finally, SunTrust Banks boosted their price objective on Simply Good Foods to $20.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Simply Good Foods has a consensus rating of “Buy” and an average price target of $18.33.

Simply Good Foods Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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Institutional Ownership by Quarter for Simply Good Foods (NASDAQ:SMPL)

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