Allspring Global Investments Holdings LLC Has $739,000 Stock Position in The Simply Good Foods Company (NASDAQ:SMPL)

Allspring Global Investments Holdings LLC lessened its position in The Simply Good Foods Company (NASDAQ:SMPL) by 6.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,241 shares of the financial services provider’s stock after selling 1,483 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Simply Good Foods were worth $739,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. Quarry LP purchased a new stake in Simply Good Foods in the 2nd quarter valued at $30,000. GAMMA Investing LLC raised its stake in shares of Simply Good Foods by 182.4% in the second quarter. GAMMA Investing LLC now owns 850 shares of the financial services provider’s stock valued at $31,000 after buying an additional 549 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Simply Good Foods by 236.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $60,000 after buying an additional 1,241 shares during the period. Innealta Capital LLC bought a new stake in shares of Simply Good Foods during the 2nd quarter valued at $71,000. Finally, Headlands Technologies LLC bought a new stake in shares of Simply Good Foods during the 1st quarter valued at $131,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens decreased their price objective on Simply Good Foods from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Simply Good Foods presently has an average rating of “Moderate Buy” and an average price target of $40.50.

Simply Good Foods Price Performance

Shares of NASDAQ SMPL opened at $34.10 on Friday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.95 and a beta of 0.63. The company has a quick ratio of 2.75, a current ratio of 4.05 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $33.44 and its two-hundred day simple moving average is $34.79. The Simply Good Foods Company has a twelve month low of $30.00 and a twelve month high of $43.00.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Simply Good Foods had a return on equity of 10.23% and a net margin of 10.46%. The firm had revenue of $375.70 million during the quarter, compared to analysts’ expectations of $373.07 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts anticipate that The Simply Good Foods Company will post 1.79 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.