Should You Hold The Simply Good Foods Company (SMPL)?

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund delivered negative returns in the third quarter. The portfolio recorded impressive gains at the beginning of the quarter. In contrast, there was a disappointing selloff at the end of the quarter. The Russell 2000 Growth Index was 0.26% up compared to a 4.60% decline for its counterpart, the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the third-quarter letter, Carillon Tower Advisers discussed stocks like The Simply Good Foods Company (NASDAQ:SMPL). Headquartered in Denver, Colorado, The Simply Good Foods Company (NASDAQ:SMPL) is a consumer-packaged food and beverage company. On October 27, 2022, The Simply Good Foods Company (NASDAQ:SMPL) stock closed at $36.68 per share. One-month return of The Simply Good Foods Company (NASDAQ:SMPL) was 14.66% and its shares lost 7.49% of their value over the last 52 weeks. The Simply Good Foods Company (NASDAQ:SMPL) has a market capitalization of $3.631 billion

Carillon Tower Advisers made the following comment about The Simply Good Foods Company (NASDAQ:SMPL) in its Q3 2022 investor letter:

“The Simply Good Foods Company (NASDAQ:SMPL) develops, markets, and sells nutritional food and snacks, and is well positioned to take advantage of the secular trend toward healthy snacking. The stock lagged in the quarter as the company indicated that current quarter sales growth would slow from recent robust levels. A combination of difficult year-ago comparisons and retailers reducing inventory levels are driving the temporary slowdown in growth.”

George Dolgikh/Shutterstock.com

The Simply Good Foods Company (NASDAQ:SMPL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge fund portfolios held The Simply Good Foods Company (NASDAQ:SMPL) at the end of the second quarter which was 17 in the previous quarter.

We discussed The Simply Good Foods Company (NASDAQ:SMPL) in another article and shared the list of stocks that recently received upgrades from analysts. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

• 10 Best International Dividend Stocks To Buy
• 10 Best Sporting Goods Stocks To Invest In
• Best Metaverse Stocks To Buy

Disclosure: None. This article is originally published at Insider Monkey.