Fox Run Management L.L.C. Takes $439,000 Position in The Simply Good Foods Company (NASDAQ:SMPL)

Fox Run Management L.L.C. acquired a new stake in The Simply Good Foods Company (NASDAQ:SMPL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,275 shares of the financial services provider’s stock, valued at approximately $439,000.

Several other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in Simply Good Foods by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 26,688 shares of the financial services provider’s stock valued at $928,000 after purchasing an additional 498 shares during the period. Cynosure Group LLC boosted its stake in Simply Good Foods by 4.9% during the third quarter. Cynosure Group LLC now owns 10,659 shares of the financial services provider’s stock valued at $371,000 after buying an additional 500 shares during the period. HighTower Advisors LLC grew its position in Simply Good Foods by 3.9% during the third quarter. HighTower Advisors LLC now owns 13,504 shares of the financial services provider’s stock worth $473,000 after buying an additional 501 shares in the last quarter. Quarry LP increased its stake in Simply Good Foods by 64.7% in the 3rd quarter. Quarry LP now owns 1,357 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Simply Good Foods in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 88.45% of the company’s stock.

Simply Good Foods Price Performance

Shares of Simply Good Foods stock opened at $33.21 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.75 and a current ratio of 4.23. The Simply Good Foods Company has a 52-week low of $30.00 and a 52-week high of $40.53. The company has a fifty day moving average of $36.30 and a 200-day moving average of $36.25. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 3.23 and a beta of 0.65.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. Simply Good Foods had a net margin of 10.40% and a return on equity of 10.25%. The business had revenue of $341.30 million during the quarter, compared to analyst estimates of $347.32 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that The Simply Good Foods Company will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SMPL. Mizuho decreased their price objective on shares of Simply Good Foods from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Morgan Stanley initiated coverage on shares of Simply Good Foods in a research report on Monday. They set an “equal weight” rating and a $36.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.56.

About Simply Good Foods

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.