Citadel Advisors LLC trimmed its stake in Simply Good Foods Co (NASDAQ:SMPL) by 23.8% during the third quarter, Holdings Channel reports. The fund owned 380,563 shares of the financial services provider’s stock after selling 119,173 shares during the period. Citadel Advisors LLC’s holdings in Simply Good Foods were worth $7,403,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP lifted its position in shares of Simply Good Foods by 95.3% during the 3rd quarter. GSA Capital Partners LLP now owns 27,677 shares of the financial services provider’s stock worth $538,000 after purchasing an additional 13,507 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Simply Good Foods by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 763,100 shares of the financial services provider’s stock worth $14,842,000 after purchasing an additional 49,419 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Simply Good Foods during the 3rd quarter worth about $4,700,000. Credit Suisse AG lifted its position in shares of Simply Good Foods by 4.7% during the 3rd quarter. Credit Suisse AG now owns 308,093 shares of the financial services provider’s stock worth $5,993,000 after purchasing an additional 13,836 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Simply Good Foods during the 3rd quarter worth about $453,000. Institutional investors and hedge funds own 84.37% of the company’s stock.
Shares of SMPL opened at $18.95 on Friday. Simply Good Foods Co has a 12-month low of $12.14 and a 12-month high of $21.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.09 and a current ratio of 6.07. The stock has a market cap of $1.55 billion, a P/E ratio of 32.67 and a beta of 0.68.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $108.30 million for the quarter, compared to analyst estimates of $111.25 million. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Simply Good Foods Co will post 0.6 EPS for the current fiscal year.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised Simply Good Foods from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. CL King assumed coverage on Simply Good Foods in a research report on Monday, November 19th. They set a “buy” rating for the company. Finally, Buckingham Research assumed coverage on Simply Good Foods in a research report on Wednesday, October 17th. They set a “buy” rating and a $22.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.00.
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Simply Good Foods Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
Read More: Stock Symbols and CUSIP Explained
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