Virtu Financial LLC Purchases New Position in The Simply Good Foods Company (NASDAQ:SMPL)


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Virtu Financial LLC purchased a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,493 shares of the financial services provider’s stock, valued at approximately $392,000.

Several other large investors have also recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its stake in The Simply Good Foods by 30.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,000 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 700 shares in the last quarter. Huntington National Bank bought a new stake in The Simply Good Foods during the 4th quarter worth approximately $31,000. Vantage Consulting Group Inc bought a new stake in The Simply Good Foods during the 4th quarter worth approximately $36,000. Point72 Hong Kong Ltd bought a new stake in The Simply Good Foods during the 3rd quarter worth approximately $28,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in The Simply Good Foods by 2.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 60,833 shares of the financial services provider’s stock worth $1,341,000 after purchasing an additional 1,678 shares in the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

A number of analysts recently issued reports on the company. Credit Suisse Group assumed coverage on The Simply Good Foods in a research note on Tuesday. They set a “neutral” rating and a $31.00 target price for the company. Smith Barney Citigroup increased their target price on The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday, January 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $36.00 price target on shares of The Simply Good Foods in a research note on Thursday, March 25th. Stephens assumed coverage on shares of The Simply Good Foods in a research note on Tuesday, January 19th. They set an “equal weight” rating and a $29.00 price target for the company. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday, January 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.71.

NASDAQ SMPL opened at $31.48 on Thursday. The company has a market cap of $3.01 billion, a PE ratio of 49.97 and a beta of 0.98. The company has a current ratio of 3.70, a quick ratio of 2.69 and a debt-to-equity ratio of 0.46. The Simply Good Foods Company has a 12 month low of $15.65 and a 12 month high of $35.25. The stock has a 50 day moving average of $30.60 and a 200-day moving average of $26.39.

The Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, April 7th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $230.60 million during the quarter, compared to the consensus estimate of $230.03 million. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. As a group, sell-side analysts predict that The Simply Good Foods Company will post 1 EPS for the current fiscal year.

About The 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 primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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

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