Bayesian Capital Management LP Buys Shares of 8,163 The Simply Good Foods Company (NASDAQ:SMPL)

Bayesian Capital Management LP bought a new stake in The Simply Good Foods Company (NASDAQ:SMPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,163 shares of the financial services provider’s stock, valued at approximately $278,000.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Simply Good Foods by 121.5% in the fourth quarter. Pacer Advisors Inc. now owns 833 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 457 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Simply Good Foods by 103.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 853 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 433 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Simply Good Foods in the fourth quarter valued at $36,000. TFO Wealth Partners LLC lifted its position in shares of Simply Good Foods by 59,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,184 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Simply Good Foods by 18.8% in the fourth quarter. Blue Trust Inc. now owns 1,846 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 292 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Insider Activity

In other news, Director James D. White sold 4,000 shares of Simply Good Foods stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the completion of the transaction, the director now directly owns 17,027 shares of the company’s stock, valued at approximately $649,920.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMPL. Morgan Stanley restated an “overweight” rating and issued a $42.00 price objective on shares of Simply Good Foods in a research report on Thursday, April 11th. Stifel Nicolaus increased their target price on Simply Good Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. DA Davidson increased their target price on Simply Good Foods from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. TD Cowen began coverage on Simply Good Foods in a research report on Monday, April 22nd. They set a “hold” rating and a $34.00 target price on the stock. Finally, Mizuho reiterated a “buy” rating and set a $50.00 target price on shares of Simply Good Foods in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.29.

Simply Good Foods Price Performance

SMPL opened at $33.92 on Thursday. The company has a fifty day simple moving average of $36.31 and a 200 day simple moving average of $35.90. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.42 and a beta of 0.61. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00. The company has a current ratio of 5.19, a quick ratio of 4.05 and a debt-to-equity ratio of 0.14.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings data on Thursday, June 27th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Equities research analysts expect that The Simply Good Foods Company will post 1.69 EPS for the current fiscal year.

Simply Good Foods Profile

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.